Kodak is a great example about how an established household name failed to innovate and ultimately died.

Until that time, I am in the process of establishing my network so I can hit the ground running once I move up there full-time.

We've only established or discussed a small portion of the qualifiers needed to begin to send them deals. 

Be sure to establish your goals and then look for an agent that understands that and can help you get there.

This is a bit of a gamble though.

Once you have your investing criteria established, you’ll have less concerns and reservations about your next steps with any asset because now, your criteria supports your why.

That low rent just established a property he will have a hard time selling now. 

The appraised value must reflect the entire 40–acre parcel.So, I interpret that as subdivide before establishing financing.

If you were in the area or if you have someone that really knows the market in the area you could take that gamble and it may pay off but just as easily it could leave you selling for half of what you purchased it for in 5 years.Now my final disclosure, BEFORE YOU BUY ANYTHING in Port Huron you need to go read the new zoning rules that the local government has passed that no longer allows rentals in certain neighborhoods as well as the landlording regulations that require rental certificates and inspections.I do want to let you know that when I started investing in Port Huron in '09 I had hoped to buy bad houses in the Hospital / College area, fix them up and rent them to stabilize that community.

Second, I would establish as-is value and “After Repair Value” (ARV) by asking 4 or 5 real estate agents to give you both numbers.Third, I would use “THEBLUEBOOK.COM” and get 4 to 5 suitable contractors to give you complete renovation bids.Fourth, I would go to local Real Estate Investment Clubs (You can find them on internet) and talk to flippers.