Land Ed is one phase of ground-up development.

I developed friendships and met a lot of great people at Rod's event and value his input and what he's doing for MFH community. 

There's lots of opportunities in developing neighborhoods, but also seems a bit saturated at the moment.Also, definitely budget security (remote control cameras, alarm system, etc.) for your properties, as there are a lot of people who occupy themselves by breaking into houses and stealing anything they can sell.Lastly, there are a ton of contractors looking for a quick buck.

Since you are living in the property, you probably have developed relationships with an electrician, a plumber, and a general handyman, if you haven't reach out and meet a few now, while you are in the home, so that you can easily make a call or two when it will be necessary.

Now I own a thriving property management business, run a real estate team helping other investors learn how to grow and scale their portfolios, I have my own modest investment portfolio and have two development projects going at the moment.

As RE developers we all know how important it is to hire good, reliable residential contractors. 

At this stage of your life, communication skills are most important so be sure to develop those.

Don't wait for problems to happen before developing a solution.

In the future, we aim to get into fixer-uppers, development, etc., but for now, we like to only consider semi-stabilized (with minimal deferred maintenance) or fully stabilized, cash-flowing properties. 

I am working over these next few months to learn as much as I can to develop systems in order to analyze the next market we will move to.