I am ready to start investing in real estate but know no one personally already doing it.Thanks a bunchExcited to start learning and connecting with Bigger Pockets community! 

So let’s assume with realistic expense estimates over 1st 5 years you average $250 in today equivalent dollars (it will be a challenge at that starting point).The ADUs are typically receiving valuations below $100k, but let’s be generous to show the scope of the people and say it adds $150k of value. 

It's not easy to admit mistakes.I think you should start by eliminating the get-rich-quick mindset.

I know that this is a big risk property but I believe that it has the potential for high return if I can get all of this permitting and renovation work figured out on the front end.I'm just looking for any advice on how to cover myself on the front end prior to making an offer and how to expedite the work so that I can get renters in and start recouping on the investment as soon as possible.

I was recently let go so I decided to start my own business.

We weren't super happy with anything we were seeing on the market, so my husband and I had just started writing letters and looking off-market... until we saw this property.It'd been sitting on the market for months.

I’m currently looking to invest in Kansas City, starting with a few fix-and-flips and eventually getting into residential development. 

Without circulation, the moisture can't evaporate quickly enough and the mold starts to grow.My recommendation?

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

It is NOT required by law to sign a buyer's agreement before you start touring homes.