You can start building out a team(GC, Agent, etc) to start analyzing numbers.

Originally posted by @Ethan Cooke:@Nick Kraska - It really depends on how much you want to get involved in building a team/network, minor maintenance while you're there, etc.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

If I purchase a building with rent-stabilized tenants, are there any legal ways to de-stabilize the units, especially after doing significant renovations or rehabbing the property?

So if you can handle the financing for all this until the builder starts buying lots and building , You should do well 

The house hacks have worked out for me over the years to help lower my cost of living, while building new skills and equity.

Due to recent building code changes, you can build a framed building up to 4 stories on a slab, which significantly reduces the overall cost of new construction.

It will help build some knowledge and you will see more deals happening and how they do them.

First step would be to work with a good investor agent, second step would be getting preapproved so you know what's within your budget for your debt-to-income ratio, and third step is working with your agent to build out the rest of your time and finding a great investment deal!

One key piece of advice is to make sure to build strong team around you.