Great post, @Steve MaginnisI'm working on a sale now - the owner is self managing landlord, he's proud how much money he saved for 25 years of owning few condos.He was renting his condo for $650/mo - no lease, tenant pay cash, he pays HOA, taxes and happy to have $400/mo cash flow.I rent exactly same condo for my tenant in this development for $890, same expenses =$250/mo and my PM=$100.

I have an opportunity to develop a 20 acre parcel in Shelby County Ky.

Was hoping some of you fine people could advise me on the proper direction to move forward.

Basically conduct an IPB of your market, schools, median incomes, appreciation, future business developments, etc. etc.

My name is James, i'm 33 years old living in Cleveland and I have developed a real fire inside myself!

@James Mercure: To add to @Charlie MacPherson's good notes re: flips (avoid Boston proper unless you're buy and hold right now), be sure to look closely at your fair housing requirements as an agent versus a landlord when you get into rental investments.

My background is in predevelopment, I have over 8+ years experience in permitting (residential), surveying (platting),  some commercial real estate, marketing and I'm also a real estate photographer, so I'm very knowledgable in those areas and wear many hats, but I'm clueless when it comes to the areas that follow after development.

I consider NYC itself to be an insane investment to begin with (though my dream is one day to develop property in Manhattan) but I'm willing to look at anywhere else in NY.

@Josiah McGinnisNo, dont let him do it or arrange to have it done.If you feel the need, $89 @ HD and an hour of your time to install it will get you a happy tenant, a new efficient toilet (installed properly in your property) and him not asking to do future repairs himself.

I’ve personally noticed quite a few mobile home parks in my local area and many of them are directly adjacent to (or behind) brand new housing developments.Literally people are building $350-400K homes and their view from the backyard over the fence is a mobile home park.I have been wondering how the park is affecting that new home value (and how it will also affect it in the long run) and vice versa, how will the new development and city/county regulations affect how that mobile home park will do in the future.