If nobody wants to buy the lot, you're out the $900, you'll be paying annual taxes, you'll be paying for upkeep (lawn maintenance, debris removal), etc.Each year that passes, your investment will grow, and you'll need to sell for more and more just to get out of the hole.Not saying it's a not a good deal, but don't assume it is just because it's free...

It does seem like the Denver contingent has been growing fast since the BiggerPockets Summit last March.

I remember my first rental.

Being an entrepreneur is in my family and in my blood.Many people in my family are business owners or inventors.Where some people see SECURITY in a JOB I see restraint and boredom.I have always been a free thinker with an imagination and passion for creating things and learning to do things better.My first business was a car audio business at 19 years of age.I would in the years leading up to that pester this other car audio owner multiple times a week.I learned a lot from him just hanging out.He didn't mind as he knew my dad was killed in a car wreck when I was 16.College is theory and learning from people doing it everyday is real world.The first 2 years of college is just a rehash of stuff you already know.I made straight A's in high school so I already had the discipline and the smarts.After to going to college for awhile me and my other friends just didn't see spending years there when we could grow our businesses.I think college degrees are great if you know the demand for the specific job will be out there when you graduate.People that go to college think about getting into it but do not plan for the exit and the debt involved.College is an investment just like anything else and can be a bad investment if you spend time focused on the wrong majors etc.I do not believe sending kids to college to "figure things out" while they rack up huge student loans that they cannot get rid of through bankruptcy.

Most people do not grow their own food, make their own electricity, produce their own steel, etc.

Remember that the owner needs to give the o.k. for the bank to give you current balances on their loans.The hardshop package was submitted.

I'm just saying I don't know enough to say either way.Thinking about it, I remember the Texas Apartment Association's lobbyists were pushing for it to stay unreported this last year when the issue came up in legislation.I have to admit I wasn't unhappy that it stayed that way.

Remember you want to keep the people you are selling to happy if they are investors as they might come back for more.If you are flipping before taking title and have no closing costs then you can work on a thinner margin assuming you get the deals done.

Just remember it's not how high you climb, it's how high you bounce.

A few exerptsDespite efforts in the state Legislature to limit the power of homeowner associations, Jones has one word for the future of the business: "growing."