Have you tried using the calculators that BP developed located here.

I have been working for a large property developer in downtown Indianapolis as well as working for law firm that primarily handles real estate related matters.

Upcoming special assessments for a roof that needs to be replaced or other capital improvement can kill your deal and once you're in, you're stuck with the bill if you don't negotiate the seller to pay it.And last but not least, if the building/association drops to less than 70% owner occupied units, forget about getting a loan in the development until the percentage goes back over 70%, which can kill your exit strategy.I don't mean to rain on anyone's parade, just be careful out there!

I am a nurse by profession and I do not have any real estate experience at all.

It is lofty, but in my profession, that actually gives me approximately 18 mos.

Appreciation rates of 2-4% depending on the area and steady increase in employment with some good economic development in place.

This property is a stone throw from 10's of millions of dollars in new development.

In regard to your advice about the Realtor, well, I'm hoping that the mls access I would have, the elbow grease I would put in, the knowledge of real estate I would develop, the colleagues I would meet, the broker I would get able to easily get the advice of, and the percent or two in gain vs. paying a Realtor will make my decision a smart one.

If I ever decide to ramp back up the volume then private money is a no brainer.Crowd funding will be an interesting space to watch develop over the next few years.

Some just provide financing for deals, others invest in homes, apartments, development, commercial, etc.Another option for you that is fairly passive is tax lien investing.