KC = Kansas city, which has some great fundamentals going on especially with that new $4 billion  Cerner development going in south KC.  

13.What property management software do you use?

@Ben MillsI'll jump in since I develop in Austin.You are correct that one of your biggest challenges will be to find the lot.

You'll find lots of useful info and make great connections here on BP.I work for a development company, Blue Sky Homes.

Most of the bids we win aren't because of first mover advantages we have developed.

I feel like I developed a pretty sound criteria for operating in the middle market.

Teaching yourself accounting so that you can maintain your books and prepare your own taxes will set your business growth back.I think it's important to learn accounting as it's essentially the business language, but you should focus on learning as you go, ideally with a CGA as a business advisor.Case in point - I'm having a website developed.

Can't wait to start meeting new friends and possibly developing some valuable relationships!

If I did not have a great upside, either this year or next, or a development deal to make it increase in value, I would not buy it. 

Not only will you save money but you will gain an understanding of the work that goes into a flip so that as you develop your team and systems later, you'll know which jobs you'll want to keep doing (if any) and which parts you want to hire out.As an example, I typically do the initial clean out and removal of old light fixtures and appliances so I can get a good feel for what all the house needs.