Partner with  a developer or call around to tenant rep brokers for a highest and best use report for the land.

Don't waste your time trying to develop and setup your own. 

To many factors so you really need to look at comparable properties. 

Develop networks. 

Deal analysis is a great first step into note investing.I should mention I invest in 2nds, but typically the value of the property drives a lot of factors for valuing a 1st mortgage.

It depends on a lot of factors like how your unit is priced vs others nearby and obviously where in Lawrence it's located.

Any particular factors to look out for?

Hi Megan,Yes, that is pretty much my deciding factor for keeping it as a rental or flipping the house. 

I believe that the population is trending away from this area and towards the south (away from dayton) Additionally the property taxes in Kettering have been going up quite a bit, so be sure that you factor that into your calculations, as you would need to increase rents to keep up. 

Greetings, I'm Sean Vitale and I found my way to BP through Mister Money Moustache on a search for financial freedom. 6 months ago I had no financial plans and I almost bought a single family home with no understanding of what that meant for my life or how it factored into the big picture.