I am a 35 yr old senior engineer for a fortune 500 here in the Seattle area.  

@Brad Schultheiss  I know cars will go that kind of milage I had a 1978 300 SD Mercedes I bought brand new. and drove it 7 years and 200k miles then gave it to my parents who drove it until 1992 and almost 400k miles.. but at the end of the day the only thing that worked on it was the engine and transmission.. 20 years in a car and most parts were out.if you get a really good lease .. the payments will be less than owning.. given the resale value.. and residual on the lease.. you do need to know what your doing though so the car deale3r does not dupe you. plus when you buy new and trade in you NEVER spend a dime on maintance other than oil change on a modern car.. and now with tesla you don't even do that.

I hired an engineer who drew up a property plan and is meeting with the county to gain approval.

You can collect some nuggets of information by reverse engineering what others do, and you can learn some aspects of note investing through training programs, but 99.99% of us aren't equipped to create a real "business" out of notes.Most of the real players in the industry are spinoffs from big hedge funds who come in with crazy amounts of capital / low cost money.

In no-walk-through deal, after we were under contract we had a sewer video done, a general-purpose inspector go over every unit in detail, a seismic engineer inspect and issue a stamped report, and a roofing inspection.

I am currently a 21 yr old civil engineering student who is graduating in May.

Long Term, 1.5 hour or less commuting distance from NYC.My goal is to replace/multiply my current income with REI income.Bigger Pockets:I found BP website on search engine whileresearching/evaluating rentals in NewYork.

Another approach would be to get a civil engineer to look at the site with you as they are familiar with most costs involved in sub-division and may be best suited to answer  your question.

He is also a structural engineer.

It wouldn't scare me off, but depending on the amount of cash I was risking with the purchase, I might have a structural engineer friend have a look, or pay one if I didn't have a friend that was a competent friend.1800s homes are going to have a couple bricks out of place and some repairs done over the years.