For my units I use the (to be phased out on vacancy) rental control ordinance in my town as a guide.

If you are just getting started I would take a quick read through the Bigger Pockets Ultimate Beginners Guide in addition to listening to the podcasts related to HELOC (home equity line of credit).

would love to chat with any investors  that can guide us as we have capital ready to deploy, just looking for a high coc return

Seems like the land is a lot more valuable than $55k, I think you can make this work by saving some more money. $55k is not a lot in the commercial space.

Goal per my brokerage training is to build rapport and deliver a FSBO guide that explains why they need an agent.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/Wishing you the best!

A Guide to Modeling and Overcoming Analysis ParalysisI am a numbers person by nature and often consider excel to my second home for my 9 to 5 job and so I can relate to those who find themselves wanting to exhaustively model a potential property and the cashflows that could result.

@Andrew Postell thank you for your input I definitely found it to be valuable.

Learn as much about real estate, business, finance and yourself as possible.When you are young (as I am as well), I would argue that knowledge is far more valuable then the amount of money you make.

I highly suggest that you take a look at - The Ultimate Beginner’s Guide to Real Estate Wholesaling.