I have a lot to learn about the markets there.

I would like to do a little bit of internal analysis to help this group out a bit.We can categorize this discussion into two different groups:1) The Experienced InvestorsThose of us who are in this group have a lot to offer.

There is a house on the property, but is pretty run down and would cost a lot to renovate.

@Alex Malyarovich, Bergen county has a lot to offer if you know where to look.

There is a lot to learn here from many good investors.

I have a lot to learn to get that stage and this will be first of many posts and thank you BP for giving me a platform to better understand this industry!

Thanks for all the support guys, it means a lot to me. 

The slope of the land and how much dirt to be moved also comes into play as it can get expensive to level for site work.Additionally inventory levels of similar locations with vacant buildings where developers or tenants can go in cheaper and faster might be competition unless you have one of the best locations in the area.Basically what I am saying is that there is a lot to this and you need a specialist to help if you are trying to extract any additional value out of the property versus it's current use.

Hey guys, I've been getting educated about purchasing apartments for several months now and I while I recognize I'm at a point where I have a lot to learn and I don't know what I don't know I believe I found an opportunity worth pursuing and I don't want to miss out because of fear/inexperience.Here's building- It's a 51 unit in a rural area (45 min drive from Philly/Conshohocken) with low crime/unemployment.

Just starting out in educating myself on the real estate investment world - there is a lot to learn and I am doing all I can to catch up quickly...