The next step is to figure out how to buy more properties. 

Once you understand the math the next step is getting financed if you ever have questions reach out, always happy to talk

Even large land projects selling the land it can take years to get to closing and if one step out of 100 doesn't work the broker doesn't get paid.

Hey Jonathan the first steps I would recommend as a new investor is to get a handle on analyzing the income, expenses and ROI of these properties in Bridgeport.You can use the Bigger Pockets calculators to start. 

Call a local 1031 intermediary and give them all the details:  how long they've held an interest in the property, is it a stepped up basis, remainder interest, etc. 

We made so many mistakes because we didn't have a satep by step plan in place.

Some six and seven figure earners just won't need a small rental property that is cash flow positive, but hands on. 

Hello BiggerPockets Community, My name is Matthew and I am a senior in high school looking to step into real estate.

-what steps should I follow if I accept his offer?

Once you track those people down and get them to sign (and probably speak with them about their portion of the proceeds) title company will direct you on what steps are necessary to get the deal closed.