I'm thinking about going into business with a friend who is a custom builder and curious to know what the industry standard is for the business arrangement given our potential situation.

Etsy and Artfire selling hand made or custom itemsEbay stores selling items you find in your area that others can't find or get easilyCreate a blog discussing something you are good or passionate about for advertising incomeStart a youtube channel for advertising incomeStart a services based business doing something you are good at and advertise on CraigslistCheck the Craigslist gigs area for one time quick gigs you can get that work around your scheduleUber or lyft as a driverHouse hack, or buy a house and rent out all but your roomWhile saving move your money from bank to bank to gain their 3 or 6 month bonuses like $300 bonus for holding your money in their savings for 90 days, then move it to the next bank offering that.Sell everything you are no longer usingSell photographs to stock photo websites like istock, depositphotos, etcBuy pallets of overstock/returns to ship and have Amazon sellBuild websites for companies using wordpressOffer to maintain the social media for all business owners you know, and take a monthly fee for some extra facebook and twitter time.Become a long distance digital assistant for some REI investors that need you to analyze deals, juggle calls, etc allowing you to learn along the wayOf course any job working in the industry you are looking to get into like an working with a realtor, investor, broker, mortgage agent, etc would be preferred since it gives you further advantages in future investments.Let us know what you decide to do!

That being said, home values are still around 80% of the national average so  you (and the tenants) get good value.  

I think 850k might be close to average these days for a 2 bed 2 bath (2/2) or a 3/2 SFH, but there are certainly move-in ready homes in the 700-800 range within a few miles to the ocean that are 1/2s or 2/2s. 

Typical average properties are getting 5, 10, 15+ offers within days..  

I just want to get into the industry and meet the people who are currently working in it or have a lot of experience in real estate.

Average in Mitchell is $375-$775 highest renting unit is $850

In general, a strong agent will get the average seller 11-18% more than if they sell FSBO in a shorter amount of time. 

I truly believe that Real Estste is the best chance that an average person such as my self has to building wealth.9 out of 10 Businesses fail in the 1st year & 9 out of those 10 that made it fail in 5 years!

This is what I come up with from 3 million housing units being sold on the average of every 7 years.