We bought it at a great price per square foot in a great location.

They’ve just released their list of first, second, and third offerings, and after scouring nearly 600 pages of offerings, I’ve found a handful of properties that seem interesting enough to invest in: ie, not along a river that is known to flood, not some weird 20 square foot triangle of land between neighborhoods, and not a $20k property with $100k in taxes owed on it.

I have X amount of cash now; however, I think I've shot myself in the foot!

@Kenneth Donaghy - For sure, house hacking to me sounds like a solid step 1 and initial foot in the door that will eventually pave the way for other investment strategies and techniques.

You need to find out what raw land is going for per square foot.  

If we go this route, we would build two 1000-square foot apartments, or a commercial space.

Here is my current situation: I am 20 years old with about 55k looking to get my foot in the door in the real estate investment world.

Is there a proper reinforced footing? 

Being an admin gives you a foot in the door and steady pay, but will limit you on how much time you can spend on cleaning and real estate. 

I am a very motivated man searching to get my foot into the door of real estate.I recently graduated from OU majoring in Health and Exercise Science.