Start by networking with local investors, identifying target neighborhoods, running numbers on potential deals, and lining up financing so you're ready to act when the right opportunity comes up!

Quote from @Rene Hosman: @Austin Wolff recently went through this process of identifying markets to purchase in and he goes over his thought process in this episode on the Rookie podcast about how he used the MarketFinder here on BiggerPockets to find markets that met his criteria Podcast: https://www.biggerpockets.com/blog/rookie-473MarketFinder: https://www.biggerpockets.com/marketsI specifically only focused on 2 markets (Indianapolis and Fayetteville, AR) before I found a deal using the BP "deal finder."

Hi all -- I've identified a piece of property that I would like to develop into mostly residential homes, with some townhomes/multifamily.

Another possibility I looked into is simply leave the current SFH as is since we have long term tenant, but build ADUs on the lot.

You’ll have 45 days from your sale to identify them and you’ll have to buy enough of them, and only them, within 180 days of your sale to meet your 1.1M requirement, or face taxes.

Just like investing in any city though there are a couple areas to stay away from, but they are not hard to identify and they are not large. 

Put simply, a well-designed mobile app has far higher user engagement than a web only service/site.

Far more costly to transfer property at a later point than simply purchase in an LLC on day one.

If I am reading correctly, they are simply supplying the money for the partnership. 

If you identify a problem, ask the seller if it was pre-existing or caused by the current tenant.