Things have evolved since then.

So here's the conundrum for a novice - being the type A personality I am and wanting to learn (and, honestly, control) as much as I can about this "deal" my first instinct is not to "bug" local investors about it because (a) I want to add value to what I can present, (b) I want to know as much as I can before I put this before someone, (c) I want to control this in some fashion before putting it before someone since i'd be doing a lot of up front with the seller and learning as much as I can about the property, (d) I don't want to waste an investor's time because I don't want that reputation to follow me as I evolve with this business.But it's like I can't get the outline or roadmap on how to start (with the land, for instance) without going to someone who's been there, done that and effectively negating points a to d.If YOU were pursuing this based on what I outlined, what would be the FIRST thing you'd do?

The biggest "education" will be the one of landlord hard nocked :) Check out my podcast 103, we got started as buy and hold investors using personal properties and have evolved from there.

My name is Louis Bergman and I'm based in the Sunshine State.Feel free to check my profile for more details.Together with my son and his wife we run Hawthorn Enterprises LLC, which does Commercial Money Brokerage with as specialty Multifamily Projects.For practical purposes we do not deal with individuals, as we prefer to work with non-recourse Loan programs.We also buy for our own portfolio, or partner up with other Investors/Developers who want us to commit our financial expertise to their projects for a longer term.We originally started out as "ugly house investors", and fairly soon evolved into the much more rewarding Multifamily playing field.I'm very impressed with the positive way in which biggerpockets has developed itself, and it will be a pleasure to contribute to the membership whenever I can.Thank you for having this great Forum, and I look forward to being an active member.

One thing that I like about Facebook it how fast it evolves.

My thoughts evolve daily on this topic. 

The map is great however it is a few years old and neighborhoods have evolved.

I think you will see this evolve to address senior housing as well where seniors might have a private room or two and share the rest of the home.

I do have a standard materials list that I have developed through trial and error and is constantly evolving.

Please, correct me if I'm wrong.Assuming that my assumption is correct, I guess my question has evolved into being a bit less defined - when do YOU consider Prices to be inflated and appreciation to be overly speculative?