I am operating on the other side of the pond (Scandinavia), but thought I'd take the plunge (pun intended) and give this question a shot as the principles of land purchase and development seem fairly universally applicable.A suburban part of town close to the neighborhood where I grew up is undergoing a municipal master plan that paves way for rezoning and dense city-like development of apartment buildings.

I have been thinking about making the plunge into a REI for a while now and am edging closer.

Finally took the plunge and decided to post on here.  

Building a strong network will help you navigate challenges and uncover new opportunities.When you are ready to take the plunge, consider starting with smaller, manageable investments to gain experience and build confidence. 

My husband and I have a STR/MTR in our primary residence in Colorado and ready to take the plunge to buy something in a new market. 

I took the plunge and found a couple of investors, and it really took off from there. 

Even though we have been researching and learning for the last 6-7 months before we took the "plunge", we know there is still so much to learn as we continue building our portfolio of purchased properties.

Hi Anissa,Congratulations on taking the plunge into real estate investing 👍Stick with the Midwest for cashflow.I've always liked Ohio, Indiana and Michigan.Just make sure you have a "growth mindset" when it comes to these cash-flowing markets.Most tend to be tertiary markets in somewhat lower socio economic areas.To achieve a nice return on investment you will need to build a larger portfolio.Over the years, I have witnessed many investors getting frustrated in not achieving desirable enough returns when owning 1-2 properties.Find the right team first before looking for deals.The team can either make or break your investment.Wishing you much success.

"Something", whether that's a recession, stock market plunge, housing price plummet etc will change those plans. 

, the market suddenly plunges because some dude named Jerryll took over the planet, your house catches fire because your contractor farted next to a blow torch...But apart from that, if you only buy deals that ARE good deals (good deals defined by doing your due diligence), you should be OK.