We bought a rental property in an artsy area that was undergoing a massive transition from being run-down to now a real hot-spot.  

You've come to the best spot to get started in REI

Thank you all very much, I am definitely looking forward to learn more about investing, this seems like the perfect spot to do so.

They rank in the top ten markets for entrepreneurship in the 2015 Kauffman Foundation study, and all four are in Emerging Trends 2016’s list of top 20 markets for real estate investment and development."2016 Market Rankings"In this year of movement, the Emerging Trends in Real Estate markets-to-watch survey reveals a new number-one market as Dallas/Fort Worth climbed four spots from last year’s survey to take the top spot, leapfrogging state rival Austin in the process, which remains in the number-two spot.

Lance - Vincent and Richard are spot on. 

I am first on the waiting list to rent but will have no way to know when a spot will open.

Hi Heath, Yes there are a couple spots around DC that have spotty sales comps (sometimes none in the previous year, within 10 blocks).

To me once you get the land assuming it is zoned for such, it seems like a pretty easy thing to get started on because you can grow it as your business grows.If I were to do it, assuming you had the land which is a hurdle, I'd start off just renting spots in a field. 

The Houston is a great spot to invest in!

Rent is right on the spot.