After you develop your list of familiar, lucrative counties, do you just stick with those, or keep moving on, where the search is part of the adventure? 

You gamble the building will be OK with whatever you agree to and Seller gambles your deal is better than what else could be had, or not.

@Richard Gamble and everyone else.  

Good luck in your REI adventures Michael.....my advice if I had it to do all over again: 1.

Hello everyone, my name is Nathan and I have recently began a new adventure in trying to flip houses in the Columbus, OH area.  

I like the huge tax advantages and passive income, BUT, even though you are drilling in areas where oil has been found it still seems like a huge gamble to come up with nothing.

That I could quantify the value of paying a little more early in the gentrification stages, that property went up in value over 100K the first 18 months of possession.What's going on in this area of Indy I can't seem to quantify it other than some people are buying $40k - $80K properties, tearing them down and building new, some are doing gut rehabs with a change in floor plans, and some are buying the $60k-$90k property putting $30k into it and renting it out in hopes of the spike.When I see the land for these lots are valued at $4,000 - $6,000 depending on lot size, that's a big gamble to teardown and scale that $40k - $80k property purchase to the $250k - $300k properties that are being sold on some of these deals.

I'm looking for feedback on the best way to take the next step in my real estate adventure.

A fun adventure ahead.I'm guessing the lease is just for the land itself and not for the structure of the board, solely based on the rent price.

Gambling on appreciation is just that, gambling.