Opportunities in real estate vary by market and economic cycles...you need to find what appeals to you weighing your level of risk tolerance vs desired yield.

Hi Robert what I have typically seen when dealing with commercial properties is a land to building ratio of 3:1, but it varies.

It is more like a general/philosophy business book along the lines of Millionaire Next Door, Getting Things Done, etc.If you want a good REI book, at K2-like level they tend to fall into 3 categories, commercial, flipping and buy/hold.A good flipping book is FLIP: How to Find, Fix, and Sell Houses for Profit by Rick Villani, Clay Davis, and Gary KellerA good buy and hold book is 2 Years to a Million in Real Estate by Matthew A.

A plain-Jane, 20 year old property that is cute and nice but nothing spectacular will get you the lower end of those numbers, whereas a brand new 4 bed with a pool will get you on the higher end.The net will be dependent on you and can vary from person to person so that’s hard to project based on loan type, management style, etc.

Scott uses 3% of the sale price for an extra bedroom but I'm sure this varies from market to market. 

The people above have tons of other options, with varying risk factors.Literally while typing this post, my realtor just called and we have an offer of $87,500 on one of our 2 acre $100,000 listed lots. 

I don't think things are as bad as they were, but I'm not going to take a chance when I hear of tourists getting pulled off the tourist bus and robbed at gunpoint.Other countries in Central America have varying levels of safety and political stability. 

@Michelle Paulsen There are multi-family properties all over the metro area and I own some, but inventory currently is super tight in all property categories around Austin at the present time.

If you can house hack you will have the best options, if you cannot live in the home then the options general are not very diverse and will vary based on if it's a 1-unit or multi-unit property.  

This varies so much!