Oh, and a special thanks to our Developer Edd for all his hard work on this!

The local gas utility should be able to identify how close the nearest gas line is, and how much it would cost to connect to it.How expensive it will be to run ductwork depends on the number of stories/floors/levels in the house, and how easy it would be to get the ductwork into place.

Identify the top REO brokers in your market (easy to do on homepath.com or hudhomestore.com, or just google reo brokers or reo agents for your market).

I am close with a couple of very large developers/investors who have become wildly successful.

I have a friend that inherited a bunch of land in my town which was later developed into a Dicks Sporting Goods, Khols, Target, Olive Garden, TGIF, Chillis, Verizon, GameStop, etc. the list goes on...

for a few months now and decided to jump in.I have only been a year out of school and am currently working for a commercial real estate developer here in Dallas as a real estate analyst.

The gross building area must be consistently developed for the subject property and all comparables that the appraiser uses.

If you develop the knack for finding good off-market value plays, negotiating a good price, turning them around, and running them profitably, the sky's the limit.Just put yourself out there and kick inhibitions aside.

Also, what about property management - do you have a company identified already who will manage your properties for you?

Don't shy away from developing relationships with new people.