I also think it makes sense to sell sometimes if a property is performing well, but takes up your valuable time.

My strengths lean more toward the technical side so I wanted to make sure I understood what I was using to guide my decisions.As far as closing cost is concerned, the HML i've talked to stated that there were no closing costs above and beyond his origination points.

This is inevitably going to cut into the bottom line, but usuing an experienced project manager for your first project is going to teach you valuable lessons instead of having to learn the hard way. 

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast

@Mindy Jensen where's my virtual cork-board ;-) ), but here are some alternatives to get you started:Douglas Gray's "The Canadian Landlord's Guide" is a good starting volume.Steve Cohen and George Dube's "Legal, Tax and Accounting Strategies for the Canadian Real Estate Investor" is a must-have overview of how you buy, own, and dispose of your real estate and the implications of different strategies.    

There would be a cost to getting it entitled but you would a more valuable and marketable asset with the entitlements in place first.

The cure to both - the 4 ions: education, action, progress(ion), not perfection".Learn to use BP to its whole potential:Subscribe to BP blog and podcasts and start reading posts and listening to their podcasts collection.Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing+ https://www.biggerpockets.com/renewsblog/2015/12/17/actionable-steps-reach-investing-goals/?

From my research into USDA agriculture sites and other forestry guides, it appears that average clear cut harvest yield per acre for 15-20 year old southern planted pine is approximately $1330/acre. 

I've been hanging around Biggerpockets for maybe a month now, watched/listened to a whole bunch of podcasts, YouTube videos, even bought the Ultimate Beginners Guide and and making my way through that. 

I use this a lot for location based discussions: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out the BP Podcasts.