I know a couple of the things to look for, like population, jobs, new developments, “personality”, etc.

Ideally, I would like to purchase a duplex or MF, live in one unit and rent the other(s) out.But then I had the idea, that since I'm already applying for a loan, why NOT purchase some affordable land and develop my own MF (Duplex or 4-plex) from the ground up!?

-If the sale involves a note, regular and timely payments on the note should be made, and repayment should be based on the value of the underlying property rather than the success of the land development.

Next you will need to determine how much work needs to be completed on the property and develop a cost estimate to conduct those repairs.

...Chris, are you familiar with loans or advice for developing as a first-time investor?

With real estate, you are looking for it to appreciate, ie increase in value, and/or having the rent (like a stock dividend) to cover your expenses or make money.As mentioned above, wholesaling is mainly a sales and marketing job/technique.

A standard plumber may suggest tearing the wall open because they don't specialize in auger techniques.

Third, working collaboratively with the seller proved to develop a stronger relationship than had we been competitive/combative, which helped us navigate big maintenance and vacancy issues.

It does not matter where you start as long as you develop your Core 4.

We’re trying to move to CO from Or, where we have a house, and are looking at a couple developments in Falcon and Elizabeth.