You might want to consider using your equity in the land as your contribution to a partnership with someone that brings that sorely needed experience to the table.

It's wise to stick your toe in the water first and fail fast in a small way if you're going to fail, right Vanessa?

You've signed up for one PIA if the owner is still in the house.One way to tippie toe into this is to hook up with short sale agents and start working with them offering to door knock the NOD folks. 

You should look for an "investor-friendly" PM company that knows how it is just dipping your toe into the water of buying a home/condo/townhome.. 

@Joshua ParsonsI've been dipping my toes into the whole "buy a house for $1" thing that Italy is doing.

A single-family home or small multi-unit property can be a great way to dip your toes in the water.Build a Team: Even if you’re planning to handle most things yourself, having a good real estate agent, property manager (if needed), and a reliable handyman can make life so much easier.Learn the Local Laws: Pensacola is pretty investor-friendly, but it’s always good to know local zoning laws and short-term rental regulations if you’re thinking about Airbnb or VRBO.Run the Numbers: Make sure you’re clear on the property’s cash flow potential.

So relying on 1, 3, 5 mile radius can be misleading because circles can be sloppy.You also have to go on rent comps.  

It is when people put the self placed “roadblocks” in front of them and are too scared to dip their toes in.This is something that has been really resonating with me after going to a few 2 and 3 day events from a couple of the local guys in our market recently.It isn’t necessarily the actual tactical real estate that is the hard part, but the bigger challenge is actually believing that we are capable of doing it and taking action towards that.

It’s also great that you already have equity in your primary residence and cash available—those are valuable resources for getting started.If you’re considering a multifamily property, house hacking could be a great way to dip your toes into investing while minimizing risks.

I go to e invelo website and I have to sign up and pay again?