I do understand that in order to actually apply my knowledge, i have to use it in action.

For example:- Architect/drawing fees- Engineering fees- Site clearing- Demolition/removal- Permits- Site preparation- UtilitiesSo, you'll have to get familiar with those facets of building as well, and you'll have to get a reasonable idea of what those things will cost you.2.

I was reading articles/blogs and BiggerPockets was mentioned in one another forum.I'm not sure how to prepare a strategy , one of the approach mentioned in blog was get a real estate agent license !!!

Mentally it prepares everyone for the expectations and formalizes things you may have said.

But I would really like to get feedback on any relevant points from those of you with experience in working with other investors and raising private money (e.g. action/awareness items for a newbie).Also (and this may sound strange) but how do I make money in this?

hello rodney,ed reid here,there is 100% financing available for fix and flips ,the money is expensive,14.99 and 4 pts ,its only for 6 mo,here is a creative way you can accomplish your objective as it pertains to buy and hold,you could intially acguire properties using the hard money ,you would have to make sure that  your  rents are high enough to pay,you could then refinance the properties,i have lenders in my portfolio that has a 3 month seasoning requirement ,they wil lend you 70 to 75% of the appraised value,if you were able to buy properties and rehab them in such a way that your loan to value is 60%,you would be able to pull money out on the refinance,the rates are between5 and 7%,you may want to read my post financing your way to wealth ,the post will give you a case study of this technigue in action     

She sent over a picture of a house centipede that were able to catch and before I get into a conversation with her about it, I wanted to see if there is any required action on my part to remove them.All in all, these are semi-standard house hold bugs, I have seen them when I lived in that building as well as up the street where I live now.  

Hi Stephen,Congrats on taking action to build your business credit! 

You won't find any good deals in those areas and if you want to invest in those areas be prepared to spend top dollar.

Don't let little bumps in the road become mountains and more than anything, get out there and take action!