As you start to do more you may need some more specialized tools but the above list you can pretty much take down and build a whole new house.The dump trailer is a great idea if you're able to dump at your local land fill.

Not fully understanding that an appraisal was needed to tell me the value of the home and nearby comparables before I bought so when I went to refi the bank ordered an appraisal which came back at $42,000 so with the 20% down I put that made me owe $28,000 and by the time I cashed out and paid fees I wouldn’t even be ghetto g what I put in backSo I did the only thing left to do was to rent it out using a property manager and cash flows $500 cash flow for a yr but the last tenant moved out and it’s been vacant for the last 6 months.Should I sale or any ideas on how to get this home rented out cause I’m coming out of pocket the $248 for the mortgage and it’s becoming a financial problem 

States like NY, NJ, Cali, FL, NV are not idea for in-state investments anymore.

Understanding how to properly underwrite these deals and DD on the lease is critical. 

This gives you an idea how far along they really are.

I  love the idea about duplex/beach cottage homes but felt that would be out of the budget.

Hello! I'm  posting this in Indianapolis but it could apply to any college/university town. There may be lots out there already on this but I haven't run across it yet.I'm new to investing and one thing that appeals t...

Depending on how many restrictions and what restrictions you put in the new deed (if any) it may decrease the value of the new lot BUT... it may not especially if those restrictions are congruent with the types of properties in the area AND doing so will then ensure that whoever puchases the lot next door to your existing investment property won't be able to build something that will decrease your property value, in fact if you do it properly the restrictions should help INCREASE your property value on the lot you retain. -- So really, yes any value you loose on the split, you should make up for in ensuring that the property next door (whenever it is built) is not run-down and of a certain caliber. 

But I just wasn't sure where to start, or how to properly save/consider the various costs associated with them. 

When done properly, it is a good way to finance an investment.