I bought it hard money loan and tore the condemned building down then refid with credit union and then worked with city to place a HUD approved mobile home (1979 I think) on a slab foundation etc etc.

Thinking in terms of flooding, foundation issues that could void the deal.Thanks!

I have read/listened/watched a ton to get my basic knowledge foundation and am motivated to work on this in all my free time, but when I sit down after my 9-5 to get to work building my real estate business, I just continue to look up stats up my target market, and browse endless MLS listings.

I myself am studying to get my California real estate license which I hope can help build foundational knowledge about real estate in general.

Older cabins will have had time to settle and any foundation issues should be easy to spot which is a bonus. 

I feel getting my license will help me build a foundation, but the experience will do the rest of the major teaching.I would love to stay connected and I appreciate you taking the time to respond.  

So, the biggest lesson, create a strong foundation for the long haul, not the immediate. 

With this 4 pillars ( finance, health, mind, and empathy ) you have a strong foundation to find happiness. 

Sounds like you've got a great foundation both in preparation and in early execution.

First you MUST permanently cure the moisture issue.That starts outside with fill dirt around the house.  6 inches higher against foundation tapered out for 2 feet.