Crossing this territory for the first time is challenging, as there is a lot to understand and we are learning as we go, based on new questions that arise.

Having listened to numerous Bigger Pockets podcasts, I am just itching to further my way into this area.

My original plan was to build a duplex on the empty lot to rent, but due to our current financial situation, I'm thinking we would be better off to just split the property up and sell it. 

I will tell you that a stabilized cap rate is not uniform as it has a lot to do with the market so a rural market will be different than something in the city. 

Check out the nearby members and network https://www.biggerpockets.com/meet, it will help you a lot to find partners that can help you out in investing.

Check out the nearby members and network https://www.biggerpockets.com/meet, it will help you a lot to find connections that can help you out in investing.

Logically, the numbers make sense but when I do the numbers I can't seem to make sense of it and I believe it has a lot to do with the comps (as there are few within the last 90 days and within a mile).

It helps a lot to know what other people in your area are looking for so you can be creative to solve the problems that come up in many transactions.

We come across numerous opportunities and are sometimes limited by available cash on hand while needing to keep reserves for businesses.

I don't have a lot to add to this discussion.