The market has had negative growth for the past 8 years if you factor in inflation, real wage growth, stability of our market, consumption vs. production, spending vs. savings, and many other factors.

I own a few companies that deal in all areas of real estate including; custom home building, production homes, commercial projects, land development and real estate brokerage.

A good CPA who specializes in real estate will be able to get you the best return on your money.

and what kind of practice that lawyer specialize in?

It's hard to decide what avenues to specialize in.

So, if you have a full time job, 2080 hours per year, then you would need to spend at least 2081 hours doing real estate activities.There is a $25K "special allowance" for passive losses.

if so, the next step is to hire a local realtor that specializes in new home construction/lot sales and have them introduce you to a few local homebuilders to discuss a build-out plan.

I spoke with one company who at first offred a price of $14,000, and then called back later and said they were offereing a $3,000 special.

They sub out other contractors JUST LIKE you could do, and add to their price, the material cost and they dont look for deals either in the product.

Are you confident that the market will absorb your product at a price level that pays back your investment and provides a return for the risk taken?