Do you understand what is involved?

I understand that traditional commission rates might not directly apply in this situation, so I'm curious to hear about any experiences or recommendations you might have.

Realtors are often a good choice since they do so many deals.Turn on your "person radar" and try to get to know them, try to understand how they think.

Understand the neighborhoods, property prices, and areas that have room to expand or improve.Start Small: If you're a novice, think about beginning with a doable undertaking.

Though I understand the logic behind it, I don't think this is necessary, and I rarely do it.

No matter how much or little you make or spend, I think it's a useful tool to understand yourself and your goals.

First, watch this video to start to understand how it works . . .Once you've watched the video below, click on 'Tools' and then there will be a bunch of different options under 'Calculators'.Happy Investing ! 

You can use this tool to figure out that part: https://docs.google.com/document/d/100dRzu-iQEIZbR1adxIASdH2...Once you have that you should engage a local broker to discuss the options for those types of uses in your market and they will be able to help you understand the overall picture and cap rates of the various options.

I'd love to understand it better and appeal where I can.

Again just my understanding I could be wrong.