So a goal is to find appropriate balance in all stages of life.

Or, for an investor, the cash flow.Get a formal education, degrees in RE, finance, accounting, engineering, construction management are all good for RE, lots of specialties.Probably your next educational hump will be RE financing, know the basic guidelines and understand what your bank will do and why, most Realtors don't get to the why stage, that's important to understand as exceptions to rules are based on the why it is done this way.

Caution is wise, so build a strong team around you to get you beyond the "newbie" stage.

On a DYI house, you will also incur carrying costs during the rehab and leaseup stage, for insurance (steep on vacant property), taxes, and utilities, and bear the added risk of theft on a vacant house.

I've found the all wood chinese cabs to be the sweet spot: cheap as the home center stuff but no particle board at all to rot out.

They decided to sell off some smaller projects even with a small haircut to allocate time to the completion of larger projects with more potential.For some reason or another your property owner decided to pull out of this and not finish and let someone else take the risk.I have a retail strip center with an anchor grocery that at the last minute close to where I live they pulled out.

From accounting to contract negotiation to human resources and much more...http://www.score.org/http://www.sba.gov/tools/sba-learning-center/search/everythinghttp://www.dwmbeancounter.com/tutorial/Tutorial.htmlhttp://www.kutztownsbdc.org/course_listing.asp

So, on a cashflow standpoint, this is not a great income producing investment.On the other hand, the developments at Springfield Town Center is very likely to make the area pop.

When you get further away from the population centers there can be larger swings in demand.

I've given myself another week to complete this stage of the process.