It was by far the biggest house in the surrounding area for almost 2 miles in a suburban city on Chicago's southside.

Ultimately I feel as though I can learn much about real estate law and infrastructure here in California through working as an agent, but in the long term I do plan on focusing on the investing side.

This all depends on the location of the property, access to utilities and the surrounding area.The first step is to determine the highest and best use of the property based on the surrounding demographics and property types.Once you determine the highest and best use you then need to put the project package together including plan specifications cost estimates etc. a complete deal deck before you start shopping lenders.

After this was done we put down 14mm plastic under the house as a moisture barrier.We dug a French drain around the front of the house back to the creek to help with any moisture issues under the house.While we were under the house we also replaced all the plumbing with brand new pipes.Both bathrooms have been completely renovated with the master getting a full custom tile shower and the other bathroom getting a soaker tub with custom tile surround.

You have the back-end infrastructure that most investors lack already set up, so you just need to solve the "simple" problem of acquisitions. ;) So I'd recommend one (or more) of the following:1) Find a local wholesaler.

Based on watching prices in Madison and surroundings for the past 2 years, I think it's worth $90-100,000.

Mixed Use (Retail / Residential) is actually the ideal product we would like to build, and based on the surrounding, I believe is the best choice for the land.

Surround yourself with like and kind minded people by joining one.

Maybe I need to dig in a little more on the surrounding areas.

Investing in the surrounding Counties - Rowan, Iredell, Mecklenburg.