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So I'd suppose it would really be a matter of doing both, gaining experience, and then doing the evaluation as constraints are met (at which point it would be straightforward, having experience)."

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What you might do is go down to your local building and planning departments and research what are called property set backs and check out the zoning for the lots.

Welcome to the Bigger Pockets community-be sure to check out all the awesome BP blogs under “Learn.”

Welcome to the Bigger Pockets community-be sure to check out all the awesome BP blogs under “Learn.”

Welcome to the Bigger Pockets community-be sure to check out all the awesome BP blogs under “Learn.”

Welcome to the Bigger Pockets community-be sure to check out all the awesome BP blogs under “Learn.”

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Look up similar parcels on Zillow to comp the property based on previous sales, also checkout what is listed for sale on the market.1.