@Jeff Adams1) with radical intensity, find ways to increase income and decrease spending to build up funds to invest, including selling stuff you don’t need2) prepare to house hack, best scenario is to buy and live in a 2-4 unit building3) become an expert in a few neighborhoods close to home, research sales, monitor properties on the market, drive and walk the neighborhoods, network with owners, figure out who the active realtors are, know the financials 4) run financial scenarios of available properties in your area, determine your decision criteria and your business model (I.e. cash on cash return, positive cash flow per door, minimum return on flip, buy and hold, etc.), you can’t recognize a good deal until you’re an expert at evaluating a deal5) talk to lenders and determine the type and amount of funding you can attain6) search like crazy, have fun with it, be patient, only pull the trigger if the property meets your criteria, don’t massage the numbers too hard to make it work

What other types of infrastructure does it have?

Also remember if you don't do one and close, and then you come to find out there is an environmental issue - you basically won't be able to easily unload the property without taking a loss.The extent of monitoring and remediation is very site specific - it's difficult to broadly state "it's always expensive to remediate"  But to know how much it will cost to remediate costs a lot since a Phase 1 + Phase 2 can cost upwards of 20K or more depending on the size of the site and study area. 

These hoods tend to keep their value over the long term ups and downs, as foreclosures can be less frequent and community more responsive to wear and tear on infrastructure.

Sign up for a monthly credit monitoring service (i.e.: equifax.com, transunion.com) 2.) 

I know because I have wi-fi thermostats and I monitor them.

Insurance monitoring (What is to monitor except quote it out every year if rates go up?)

What is important is the demographic studies: Strong diverse economy, strong job grwoth, improvement in infrastructure, strong potential appreciation, reduced vacancy trends, ratio of supply & demand, and an undervalued market.I have read here that some buy in lower income areas at 60% of the current value in places that show poor demographics where population is decreasing and jobs are leaving.

Because developers couldn't build anything on the Coast due to exorbitant insurance rates, new building codes, lack of infrastructure, etc.I published a document called "The GO Zone White Paper: Investing in the GO Zone can be Hazardous to your Wealth".

The Federal Reserve monitors these business cycles and interevens when necessary.