The general idea is that you must acquire an interest in real property you do not already own, and since you already own the subject real property you want to build on, the transaction must be structured so that you are creating an interest in real property you do not already own (in fact, it does not yet exist).

I was leveraged to the point of being uncomfortable when I was single and in my 20s so I get the idea but don’t recommend pulling money out of a retirement fund.

There will always be room for improvement, might as well keep learning.3) Take ActionMy mentor taught me this very important idea “Say Yes.”

Start by asking what the numbers look like. then ask yourself, do you and your aunt see things similarly or do you have very different ideas on the property? 

Great idea. :)

You can get an idea yourself looking at comps in the area.

.: Quote from @Don Solt: Hi folks, As the topic states I'm looking to learn everything I can about the City of Philadelphia and its real-estate market.

@Caleb Brown I like your idea about buying as many properties as possible while we're young.

No, it's not a good idea, but it's possible to do correctly if you don't rush into it.

Your idea to begin with wholesaling and then expand into rental properties is exciting!