I estimate it would cost about $20,000 to subdivide, add septic tanks, and have power installed.

"The internet" is, IMHO, a powerful asset that spreads knowledge and enhances us as a species.Copying content is theft, pure and simple.

If you think about all the ways that effects your exposure in the market, the power of it really shows.

Otherwise, I will use a real estate attorney to give one of my parents Power of Attorney.

But after awhile letting them be totally amazed at the power of the old man, I clue them in and we get more laughs!

Acquiring title to the property is one thing; assuming the decedent's mortgage is another.The personal representative is the one who (presumably) has the capacity, powers and authority to transfer title.

The FHA appraisal came in at $250k, which surprised us a bit... but more power to the buyer.

As a newbie to all this, it is quite overwhelming!

Without running the numbers, I can tell you this: It will take a lot longer starting from now and 25K than starting from 5 years from now and 25K plus 200K from that extra income of 100K over your current 60K plus whatever else you are saving.I haven't seen statistics, but the overwhelming trend that I personally see is that *most* people making good money in real estate are people with high earning day jobs.

As someone who's put down 20k on one of those guru training programs(The usefuleness is debatable since it did propel me into action), I can tell you that there's nothing that digging up some willpower, sitting down and doing some self studies through BP, and spending $100 on real estate books and attending REIA meetings and building relationships with investors/brokers/power team members in your market can't teach you.I'd discourage starting off your RE investing career by taking the easy route and trying to get the lessons handed to you when hard work and experience is really the best mentor you can have.It's been said many time, but if you are able to find a good deal, there will be more than enough people/firms willing to fund it.