@Apollos Hall if you aren't into land lording, and you are bored and need a hobby, I'd say use a fraction of it to flip a house to see if you like flipping houses and invest the other portion in ETFs or mutual funds until you decide if real estate is the way you want to go with it.

It is in decent shape, therefore I know I can't add much equity as I currently do with my properties.I guess my thought of thinking is, after reading some more posts, if my long term goal is to build a portfolio on which I can retire on why still obtaining some cash flow I should leverage the equity I have and add another property instead of waiting for that great deal again.

One multi went out to 12 years and a tri over 15, paid off and in great shape.

It's all about the money.Many bought the belt line with grants, TAD bonds etc. in mind to develop the land.

Would love to network with others, (whether newbie like me or pro), discover a mentor and maybe shadow someone on their day-to-day routine or even when landing a deal.

In my market, there isn't much you can do except keep your house up to date and in good shape, and that will often cost you near what you will get out of it.I know nothing about California.

On the good side, it is free & clear :).So, the potential deal that this post refers to would work really well with the limited cash I have on hand right now, and give me more Land-lording experience so that when I DO sell my personal residence and start to use that money to acquire more rentals, I will also have that benefit.

@Bryan L. and @Dell Schlabach I agree most people should be able to read a book and pull the good and leave the bad behind.

I'm not sure sub dividing and selling the home separate would work in this situation, my understanding is that the home must have land attached to the road so it would not be land locked.

You may have cause to sue Donald Trump or Warren Buffett knowing they are worth billions, but you'll never get anything because of the dynasty and land trusts and other legal vehicles used to protect those vehicles, of which they are merely the sometimes-beneficiary.