I would encourage you to concentrate on that and not worry about diversification.

Your numbers helped alot.I think the problem is I was concentrating on a 15 year fixed at 3.5% and with Prin., int., taxes, ins.

If you're staying local, I recommend checking local university MBA programs as many business programs have a concentration of real estate.

Might check on the parking requirements as the concentration could be higher for multi-family.As Wayne mentioned you'll have a minor subdivision project changing the legal descriptions to a common lot, that can be political.

Do I concentrate in solid mechanics, thermal/fluids, manufacturing and materials, aerodynamics, etc?

Rich Dad Poor Dad (Favorite book)Cashflow QuadrantGuide To InvestingThe Ultimate Beginner's Guide to Real Estate Investing (was my 1st pure real estate book)The Art of DealThe ABC's of Real Estate InvestingThe Unofficial Guide to Real Estate InvestingThe E-mythThe Power of Positive ThinkingThe Magic of Thinking BigThe 7 Habits of Highly Effective PeopleThe 21 Irrefutable Laws of LeadershipAwakening the Giant WithinYour Erroneous ZonesThe Power of NowEmotional IntelligenceThink and Grow RichStart With WhySlight EdgeThe Compound Effect48 Laws of PowerThe Wealth of NationsThe Art of SeductionThe 5 Love LanguagesThe Art of StartThe Crash CourseBusiness Model GenerationSecrets of the Millionaire MindThe SecretThe Art of WarEmotional Intelligence The Psychology of WinningThe 4 AgreementsThe Richest Man in BabylonThe 7 Spiritual Laws of SuccessThe monk who sold his FerrariA whole new worldYour Erroneous ZonesAs Man ThinkethEat that FrogI read Rich Dad Poor Dad and I quitted from College in 2012 (I started in Real Estate in 2007), I was about to start a degree on Computer Science with a minus concentration in business administration.

Ill jsut concentrate on any flip opportunities and look at buy/holds in the livelier area an hour north.

But we are really excited to get started but want to make sure I have everything in order so we can just concentrate on making this the best we can make it.

(do 1 warmup set for each exercise, with no weight)Workout B3x5 Squats3x5 Standing Military Press (seated is ok, if needed)3x5 Bent Rows (bend at hips, head up, row to your mid chest)2x8 chin-ups (first set front grip, second reverse grip. do jump chinups in the beginning, if needed. jump up, then pullup, using your momentum.)Abs - 2 sets, both until failure, 3 minutes rest between the two.No concentrated arm workouts are needed. dips, chins, benching takes care of it.

At the moment, my wife and I are discussing what area of Real Estate we would like to focus and concentrate on and become experts in.