Ask for multiple exit strategies with the acquisition where various models are stress tested.

So you are talking to a Floridian with a decade of data showing southern Florida represents a large percentage of guests on the TN side. 

The Schlage Encode has been the most reliable and tests better in extreme weather conditions.  

If you are going to invest in Illinois, choose small towns south of I 80 and check out more of our work at www.truthinaccounting.org (FYI: I’ve been a bigger pockets listener for years- it’s fun to stumble upon our work- these conversations are what the data is for!

and if what is there is even legal or usable.Assuming its not usable or that the best course of action is to redevelop, You are Likely looking at a zoning variance, unless the area is already mixed or changed zoning.in general when I've encountered these rural sellers that are seeing the area built up with new development they seem to think their land is worth what a finished data center is worth with facebook as a tenant....so yeah I guess assuming they want to sell at a land basis that makes sense it could certainly be a deal.

I would be interested to see the data where an institution bought single family homes in a neighborhood and left and it left chaos or it caused prices to artifically inflate? 

I can see that as a way that may "play in the gray" but seems like it would pass the sniff test (but I am not an attorney).

Data-driven and ready to chat!

Keep DSCR healthy and stress test conservatively.4.

Many investors in your position choose a hybrid approach: keep one property local to maintain hands-on control and familiarity, while adding one or two Midwest deals to diversify, increase cash flow, and test new markets.