I read two books a month, I spend no less than 1-hr/day listening/watching/reading content relative to my passions; business, health & nutrition, real estate.  

And by that I mean to take a close look at the city's official plan that has been developed to see what and where the growth objectives are.Also try to get in contact with the economic development office and see how willing they are to provide information as that can be an indicator of how forward-looking they are. 

I've been in love since the age of 18, seeing new development homes, watching HGTV, recently (like today) finishing my bachelor's in Real Estate and Economic Development and moving on to study at my master's level, so I can teach other's in the undergraduate programs what RE Investing REALLY is (as the tenure professors have no idea what they are discussing).

The lender is M & T bank, but it's the health home neighborhood loan program in Baltimore. 

Not sure that it would be economical to pursue $1000 but it sounds like mess.

Some reasons for that are in each location where you plan to own, but not self manage, you will need to: hire a property manager; come to understand the neighborhood; conduct market/economic research; etc....

Impact to Budget -  $0 I am going to say zero dollars economically but probably lost out on several business building opportunities which certainly has a cost though I will not attempt to quantify that here.3.

What do I need to understand in terms of economics/finances?

Ok BP Community, I am brand new to the world of Real Estate Investing
(and I need some advice).  I recently became aware of a house near my work that MIGHT
be acquired at a significant discount. 
Because the owner ...

Hi all,I'm getting into real estate investing at the age of 26 after graduating from UCSD with a major in Economics.