For the past year, listening to podcasts, doing research, and debating when the right time to start this journey, we have decided to get over the fears and just focus on the analysis and dive right in.

Brickell has that same kind of potential, but with even higher rent ceilings thanks to its location.A couple of things to keep in mind as you dive in:Financing: As a first-time buyer, you might qualify for low down payment programs.

Starting with flips to gain contractor experience is a smart move before diving into development.

And unless you have very deep pockets, you can't afford to be that much off....So as has been said....hire a very experienced General Contractor and have them give you a budget number based on your SOW, (plus they will find other things that need to be done that you will not have seen).On your succeeding projects, you do a budget yourseld first, then hire the GC and compare numbers.Then, eventually you will be comfortable going all solo...but it takes time.

Despite being nearly 60,000 SF of land, strict adherence to the zoning code would only allow 7 homes because the parcels lacked street frontage despite being very deep.

Then after that, you have more trusted contacts, then diving into world is more possible

I've hit it where I've given myself an almost 8 week interest free loan before and had no utilization reported, which is awesome when you're knee deep in several rehabs. 

My name is Michael, and I’m excited to join BiggerPockets and dive deeper into real estate investing!

For example a property with a $100,000 door cost and very little capex is going to be a much better deal than a property across the street that is $80,000 per door but has significant deferred maintenance.So the analysis is preliminary and either can be used, but at end of the day you need to deep dive into the entire picture.

Diving into real estate investing is an exciting journey, and this community is a fantastic resource for learning and networking.