Now that our kids are in school I'd like to get into real estate.

I'm thinking there aren't too many of those, but I could be wrong.I just think old-school, like go out and buy your own house, but you will get some outside the box advice too, about partnerships, hacking and many others.

Maybe after my kids graduate in five years...

Don't buy the wrong investment just because of a timeline.2) You'll find many schools of thought on what to do with your "temporary" money.

It's in an old wooden school house and has about 12 units.  

Houses that look very similar on paper (same neighborhood, style, square footage, year built, beds and baths) can have very different market values depending on things like interior light, flow, ceiling height, privacy, yard space, neighbors, curb appeal, master bedroom size, kitchen counter and cupboard space, parking options, driveway slope, proximity to noise or businesses, parks, schools, etc. - to name just a few things. 

When I went to school in upstate NY the bus would go through Norwich and I've always been very fond of the city.

Brrr method suggests that investors should invest in properties that are located in good school districts since it would later help for resell value.

I saved that much because since I graduated college I have made a house payment in an investment account.  

Am planning on moving out to Texas post graduation.