However, it won’t generate rental income like a duplex or multi-family property.

That will put you in a strong position when you start investing in real estate.Using this time to learn and prepare is a smart move.

-STANDARD SALE- 7,000 sqft lot just south of Ventura blvd in prime Sherman Oaks is ideal for development or remodel and add sqft The charming home is within close walking distance to some of the best restaurants this area has to offer.

@Alex Powers I would probably agree with this.

Regarding asset classes, there is almost no barrier to entry on cost since most land flippers do their first deal and make like $4,000 which makes it an option for some to start.

Is this a correct understanding of the major steps?

Very few hits at this time.

As of right now, a lot of land investors are moving to lower cost marketing like cold calling instead of mailers. 

Hi Jim, if the property isn't being used as a STR currently, certain DSCR lenders can use data like AirDNA to qualify for financing.

Our traditional tenants handle small things like a light bulb out or running toilet but it's a something we handle for our PadSplit homes.