Bottom line, if it sounds too good to be true, it probably is.

Tenants can be hard on things. 

if the timber is merch  you should get a mill in there to bid on the timber.. hire a logger.. profit you use to knock the stumps out.your civil engineer should be giving you a preliminary cost to do infrastructure normally they will do these for free since they will be designing it all.. they would be the best bet anyone on line is simply  a WAG  

That being said, how does one go about getting architect plans for a home to get bids from contractors in a smart way?

With a background, $40K saved, and drive, real estate can be a great path to financial freedom.Good Luck!

Now, if you have already closed, i would not advertise this, and i would wait maybe 3 months after closing to hope to be past the post close audit. #3.

You can then check with the local county if the deed is in fact in that name (caution: if the property was bought recently, the county may not have caught up on the paperwork).Just be careful and NEVER give any form of cash to the seller, always send EM/downpayment to a title company that you have verified.

@Arya TaghdiriWelcome to the community and be ready for a huge amount of information at your finger tips.

Quote from @Devin James: Just as important: be a giver, not just a taker.

All younger people should be considering trades right now as that industry will be paying more and more over time.