Account Closed If you're looking to live below your means, I think you'd be well served getting a multi-family property, living in it while renting and managing it (house hacking) so that you can reduce your living expenses while beginning to build your RE empire!

I have even worked in Lander back in the early 1990s. 

You may have to work for free or at low cost to the small company, as they will be very sensitive to cash flow and costs.The development business is one of the most complicated businesses that I know of combined with risk in land markets, underwriting, financing, and construction.

This situation happens often in land East of Colorado Springs.  

@David Ruiz have you looked at areas like the inland empire or antelope valley?

You might also look at the Inland Empire for multifamily house hacking especially downtown Riverside.

Here are the cites that I know about in SoCal where you can cash flow (and there may be others) parts of Bakersfield, Lancaster, Palmdale, Hemet, Yucca Valley and Joshua Tree.I'm a wholesaler in the Inland Empire and occasionally run across cash flowing properties in Hemet, Yucca Valley and Joshua Tree.

We have always dreamed of owning a real estate empire combining a rehab/flip operation and long term rental holds.We have never invested in real estate before, but we have owned two homes.  

Then repeat the process, until you get a rental empire.

For the past four years, I have worked in Alabama Power Company's (APC) Corporate Real Estate department as a GIS Project Specialist in Land Management and most recently as a Real Estate Specialist in Shoreline Management, focusing on APC's ownership and FERC license compliance along its eleven reservoirs throughout the state, accounting for more than 3,400 miles of managed shoreline.Real estate has always been at the heart of what drives me both professionally and personally.