our 27 lots subdivision was paved last week... franchise utilities and back yard drains left .. plans for 2 models into city hope to record plat and break ground mid april..

Anyway, I am married with children now so renting out rooms is no longer a business model I would consider however if you find yourself wanting to live with college kids and make a little extra cash while doing it understand you will be managing more than just the building.Originally posted by @Justin Bernsten:I am just starting out and actually crunching #'s to see if a nicer home in a good area by a University here would be the best way to start out.

Do you have a skill or special expertise?  

I'm always on the lookout for realtors with this type of expertise!

I have no special skills, ability, knowledge or expertise. 

 @Kathleen Miles I will preface that I assume you are referring to the wholesale model where the Wholesaler gets a property under contract to assign to another buyer with no intention or ability to close without finding an end buyer ?

Residential to commercial to hotels are all vastly different business models.

That is my business model!!

Here are some steps to get started.Step 1) Develop your Business Model (Who is your ideal seller, buyer, neighborhoods, etc)Step 2) Build a Team (Leverage their experience, Realtor, Attorney, Contractors, Surveyor, Home Inspector, Environmental Contractor, Architect, Structural Engineer, Stage, Photographer, Title Company, etc)Step 3) Understand your market like the back of your hand (Have a Realtor set you up on HOT SHEETS so you get automatic listings sent to your inbox and you can start getting a pulse on the market)Step 3) Find a Deal (Package the deal and show supporting evidence that it's a good deal, get an appraisal if you have to) Include the following: Company Bio w/ your team members on it, Property Details, Property Tax Card, Scope of Work, Pictures/Video, Comparables, Financial Analysis, Due Diligence Items, and Contact Information.Step 4) Find Private Lender Prospects- Sphere of influence, networking events, ask for referrals, ask CPA, ask attorney, etc.

I have a hobby collecting and restoring radios, especially those from the 1930s, but avoid the expensive "collector" models.