It's been 8 years and they haven't gotten approval for the re-zoning and the house has been vacant during this time period.I'm new to real estate investing, so I'd appreciate any critiquing of the following steps I'm planning on taking.1.

Real estate investing has always caught my eye and I'm in the process of researching the subject and really mapping out my first steps.

Advertise and other similar steps but be very careful about what you say and promise if you can not control the variables.John Corey

Why go the extra step of acquiring a house with $100K equity?

When I said you're on your way, I mean: most people talk about investing and never actually take the first step.

Now I do think that the preparation and planning that the committee is doing will be highly beneficial to investors when they do decide to step up to the plate.

I don't want a bargain, I want a STEAL.I've done some reading and it seems as if the auction at the courthouse steps tends to be the most risky way to purchase.

Either fortunately or unfortunately me and a buddy got a small 2 family for $34k and plan on doing about $10-15k rehab by ourselves, now my partner is going to be renting 1 floor and my step daughter the other (this is where it might be unfortunate part comes in, but me and my wife are doing this to help her out)...

I'm sure alot of us newbies are seeking insight on investing, where to look for a good buy, how to make deals and what are the right/wrong steps..

The question I have is what are the steps I have to take to investigate the property which is in another city.New York City is too expencive to have a positive cash flow.