@Craig PriceWelcome.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

@Jake BlickenstaffWelcome.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

We say here about some small towns, if they aren't related, they use to be.

I am relatively new here as well - but have learned a lot in just the last month.

So @Kevin S. you need to also research the easements related to the parcel. 

Great time/area to get started.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

I am fortunate to live in a region with a relatively stable real estate market.

The roof leak may or may not be related.

You cant quit claim it to someone that isn't already on title.I also agree with Jerry, you need to make sure you are on the same page with who is bringing what into the deal.

It's really hugely individual and of course, it has to be in relation to what your cash investment is.