Hey folks,I have a nice deal under contract right now.

Many of the things we learned in the service have helped us, such as developing systems and procedures. 

Getting started sooner rather than later would also be nice but location is now my main concern,  I am going to try and go to a meet in San Antonio as soon as possible to get some FaceTime with real investors.Side note my post above looks completely awful i tried to put it back to formatted but ended up just reposting the whole thing,  I will never post from mobile again.

I know school districts are a big indicator and have also read about looking at the city planning website for future developments...but not sure what to look for specifically. 

Purchase price: $14,000 Cash invested: $14,000 Mobile home on 5 nice but garbage filled acres.

An overview can be found here.The CMHC web-site also has a mortgage calculator which will accommodate high-ratio, insured mortgages.My recommendation is to learn the underlaying principals, be able to perform the calculations manually and develop your own spreadsheet.  

nice summary @Andrew Postell !

Is it a wise choice to do this development?

To be specific, my steps to fully get into this world so far have been: Buy my first home Sign up to BiggerPockets website Listen to the first 5 podcasts (loving it)Send this messageEvaluate specialized Masters in R.E and meet with alumni and teachers plus attend one class as a guest observerMeet with friends working in the industry (mainly working for big Funds and Developers)Bought the 13 most widely recommended books in R.E.

Nice to meet you Nicole.