Follow the same approach for other types of commercial you think there may be missing.If the project looks feasible the next step is to check zoning with the city or county to determine how many units you can get, what is required for all approvals including parking requirements, site plan and building permits, proffers, water/sewer tap fees, bonding requirements, inspections and CO process and time frame for all approvals.You also need to check with the utility companies and get an idea of availability and cost estimates from them for water, sewer, power, gas, cable, installation and connection requirements, tap fees, hookup charges, transformer location and relocation, power line and power pole relocation issues.Check to see if you have to install any manholes, fire hydrants, curb, gutter, sidewalks, street signs, street lighting any specific street design or access requirements,.Check DOT requirements for access, stop lights and permits, traffic studiesDWQ requirements for permits, permit fees, time framesThis is a broad overview of the process and your civil engineer can handle all of this but it's good for you to know exactly what's required.

This is broad question but here's a couple pieces of advice:1) Put it out there what you're looking for (i.e. facebook/insta/Snapchat/craigslist posts), car magnets, business cards, etc.);2) Secure funding ahead of time (or at least know your funding strategies);3) Have a good home inspector on your team (he/she may be the difference between negative cashflow and positive cashflow);4) set up automatic cragislist email notifications on potential deals (set up key words);5) buy properties in areas that you wouldn't mind your own family living in; 6) Remove emotion when sifting through deals;7) Don't give up

I know this is broad but just looking for all or any information at individual's disposal to help enlighten us about this area and the potential for renting.

Do you expect people, who want to buy a house, not not check out Zillow, Realtor.com and internet at all?

I asked a pretty broad question and ended up with some broad answers, but I think everyone is basically getting at "if the math works out, then it's a good deal."

Note that the intuit business model is to get you to use the internet version and charging you a monthly fee to access your data versus one time software cost.

Now, heres the conundrum and I am hoping I can get a little bit of help in deciding either/or:My current rent is nearly 900/mo, everything but internet included.

It doesn't cost more to heat a house if there are one vs two people in it, same with internet or cable. 

There is a lot of talk on the internet about how having non-accredited investors increases your liability and makes your documents much harder, but in practice, those are non-issues and its the way most of our clients operate. 

I try to avoid buying  in the pocket east of broad and south of cooper, which is the roughest part of town.