Real Estate Business & Investment Opportunities is a book I would recommend. 

If this lot is in the right area at the right price this could be an excellent investment opportunity.

It WILL however be a great experience and my first step towards my next opportunity.

I’ve had many weird circumstances in my 40 years like this where time and space have been precisely timed up to permit a “ window” ( pun intended) of opportunity for an almost supernatural occurrence to take place .looking back  I’ve escaped death on several occasions myself this way .

I'm currently reaching out to private owners for the opportunity for an off market deal.

We both work full time, so I think the downside I need to consider would be a slow down to our ability to save and calculating the opportunity cost of our savings.  

I have a unique opportunity with a single family house set up for student housing. 

That could be a great way to find and stay engaged with local investors and opportunities. http://www.biggerpockets.com/alertsYou can also search for other investors in that area and follow their journey on Bigger Pockets here: https://www.biggerpockets.com/search/usersFinally, if you haven't already plugged into the Bigger Pockets podcast, I can't recommend it highly enough - it's been a wealth of education and a huge confidence builder as me and my husband have pursued REI and built our portfolio.Best of luck to you and look forward to following your journey!

That could be a great way to find and stay engaged with local investors and opportunities. http://www.biggerpockets.com/alertsYou can also search for other investors and wholesalers in that area and follow their journey on Bigger Pockets here: https://www.biggerpockets.com/search/usersI love that you've already plugged into the podcast - it's been a wealth of education and a huge confidence builder as me and my husband have pursued REI and built our portfolio.

@Samuel Ruelke Fortunately there are opportunities to hit the 1% rule in many areas; but you have to be prepared to do some work.