For instance, do I focus on the sqft, year built, taxes, etc?

In those instances, it is all the more important to have EVERYTHING in writing.  

Flipping lots in Lago was how I got started in Real Estate in 1989,  I used to send letters for people to give me their lots and in some instances I would pay $100 or so. 

For instance, the property values in my neighborhood have been exploding the last few years.

Only a licensed attorney has all the laws, regulations, and rules relevant to the disposition of the unique facts of your particular case.For the vast majority of instances, most new investors can be relatively safe with an LLC.

For instance, you can find anything on the internet..yet I still have my parents asking me for info..and when I tell them I Google it, it blows their mind.

I would have to know each clients risk exposure before taking on such a project.If someone is worth 20 million for instance and wants to (build something) to see if it is a success then at the the end of it makes money or loses a little money at that deal size ( 3 million) it is not the end of the world for them.A group of people putting funds together with a majority of their worth to build a deal with tight margins and little to no experience where a larger loss can be seen the damage can be quite significant.How you look at development is run very conservative numbers for expected income and higher expenses to make the project go.

In instances such as this, you will most likely end up doing a double close.

DE Shaw is famous for hiring the brightest kids from the best schools.

Hello, Schaniya Well I think the first thing you should do is figure out what you want and what do you want REI to do for you, there are many roads you can take to enter the REI world you just have to choose which one you want to travel down first, for instance if you want to build reserves quickly maybe look into wholesaling or if you want to build passive income for yourself then purchasing a multi-family can be the route for building your portfolio.