So I made the decision to apply what I’ve read in “Rich Dad Poor Dad” by Robert Kiyosaki to get out of the “Rat Race” and no longer work for money but let my money work for me.

Pick a solid B-Class suburban area.

As the mountains collapse and the seas rise, how are you pick your good locations?

@Colin Courtney I'd start with the basics - pick a niche you want to focus on. 

Then the property title would be transferred into the LLC, thus giving you checkbook control over this and any other assets you will purchase in it.Here are some of the Checkbook IRA benefits:Ability to execute transaction directly without going through custodian or IRA Administrator, simply by writing a checkEliminate transaction fees and asset based fees (you will need to pick the right custodian with proper fee structure, the company you will chose to do this for you will help you make that selection)Eliminate delays and 'red tape' that often comes with having a custodian handle every single transaction, you can act on best investment opportunities immediatelyHope this helps. 

Been looking at the few past months of tax deed sales and it looks like you can pick up some “decent” properties.

v=AFIxi7BiScIA video from DW TV about Wealth people and middle class - pay attention to the super wealth real estate investor, immediately I turn a fan of that "monster" .. watch the video.my name is Thiago Zanetti (TZ is fine since no american I met yet can say Thiago correctly :D )I have been listening to the podcasts daily, reading some books, doing some researches online.In 2000 something my father gave me Rich Dad Poor Dad, that consolidated my idea of starting a business.I own Fly Shop Brasil - Brazil's premier fly fishing shop.Ok, that's my introduction. 

Could the market pick up again? 

I sold the oil furnace on craigslist (a guy picked it up) for $600.  

We made some good progress early on demo, and picking the material etc... and then realized how much more time the fine details and finishing touches took.