My advice: Utilize your primary residence financing while you are living in this great DMV market, get your feet wet being a landlord, AND THEN, if you feel like you are ready to jump in, start buying those very high management strenuous "cash flowing assets" and I promise you, you will wish you would have bought more primary residences in DC.Good luck buddy. 

The next stage in the matrix is called land development which consists of horizontal physical improvements like grading soil, installing wet and dry utilities, street improvements and flatwork (pouring streets and sidewalk, etc.). 

@Josh Milewski The experience is getting your feet wet and understanding the benefits of REI (there are many).

Looks like a great deal to get your feet wet!

I'm pretty wet behind the ear's when it comes to REI.

i have been looking to get into the game for a year but in an area where property values are inflated because of being a resort area its hard to find any cashflow properties. but running the numbers every such way its a really nice investment to get my feet wet and develop a vacation rental hospitality business that i could excel in while picking up valuable real estate in the process.how would you tackle this loan wise?

To get my feet wet, I was looking at starting with a triple net retail condo.... most likely in the $1M - $1.5M range.  

I got my feet wet by passively investing in an LLC that owned two single families.

I am looking to collaborate with another investor on a project so that I can get my feet wet and learn.

After all said and done, this property probably will break even over the long term.Would it make for a good first deal to get your feet wet?