I hired an engineer who drew up a property plan and is meeting with the county to gain approval.

You can collect some nuggets of information by reverse engineering what others do, and you can learn some aspects of note investing through training programs, but 99.99% of us aren't equipped to create a real "business" out of notes.Most of the real players in the industry are spinoffs from big hedge funds who come in with crazy amounts of capital / low cost money.

In no-walk-through deal, after we were under contract we had a sewer video done, a general-purpose inspector go over every unit in detail, a seismic engineer inspect and issue a stamped report, and a roofing inspection.

I am currently a 21 yr old civil engineering student who is graduating in May.

Long Term, 1.5 hour or less commuting distance from NYC.My goal is to replace/multiply my current income with REI income.Bigger Pockets:I found BP website on search engine whileresearching/evaluating rentals in NewYork.

Another approach would be to get a civil engineer to look at the site with you as they are familiar with most costs involved in sub-division and may be best suited to answer  your question.

He is also a structural engineer.

It wouldn't scare me off, but depending on the amount of cash I was risking with the purchase, I might have a structural engineer friend have a look, or pay one if I didn't have a friend that was a competent friend.1800s homes are going to have a couple bricks out of place and some repairs done over the years.

Otherwise, have a team of a responsive and fast moving title agent, surveyor, engineer, environmental team, lenders (brokers definitely help shop deals faster than you would and have relationships to push things through that we couldn't necessarily get done as quickly) and lawyers to get your due diligence, lease review, title review, etc. done fast.

I heard about it from a good friend who I frequently chat with about real estate investment and both of our goals for our futures.A little on my background: I obtained my B.S. in Civil and Environmental Engineering from the University of Virginia in 2009 and have worked in project management in the construction industry ever since.