There are some great economical changes that are on the horizon here too.

I just relocated to Spain in order to expand my horizons and step outside of that comfort zone which was all too familiar.

If so, very difficult to manage a project lIke thisThis will most likely be sold to an experienced local investor/developer with deep pockets and a looonnnggg time horizon to potentially improve this propertyBut if you want to know what potentially can be built on your specific NCD lot, call SF planning dept help desk and they will tell you

Starting with weak finances is not a good idea in my opinion - especially as many people see some type of correction on the horizon.      

5 year time horizon to be FF wouldn't suck to me.3.

You coming in with a low ball offer might be a tough "sale" because of the multiple reductions already.I'd attempt to feel out how firm the seller is on price by asking how much interest there has been and if another price drop was on the horizon.

And getting licensed will cost you $1,500 - $2,000 all in, between the education, the exam, registration with DORA, and getting set up with MLS access.3) In my opinion, the lowest risk way to invest in real estate is to buy completely paid off properties with a "forever" time horizon and enjoy the cash flow.

As with all things, RE is cyclical, and ultimately rewards those with longer time horizons, and strong due diligence.

I look forward to expanding my horizons and picking the brains of all you great investors on BiggerPockets.

Each step you take reveals a new horizon.