I had basically settled on Ohio and was between Columbus and Cleveland, but also looking at Dayton.

Run 20 listings through a basic analysis, pick 2 that pencil with conservative rents and full expenses, and make one offer in 30 days.

Look for proximity to Tier 1 providers (AT&T, Lumen, Verizon).Map out “dark fiber routes” — some counties and old industrial parks are sitting right on them.Location EconomicsLow energy cost = higher margins.Best states (so far): Texas, Georgia, Alabama, Ohio, Utah, and Missouri.Bonus: tax incentives in data-center-friendly states like Virginia or Nevada.Design & ConversionFocus on “powered shells”: basic infrastructure (cooling, power, racks).Partner with small hosting providers or mining companies to lease in bulk.Financing OptionsSBA 504 loans (only ~10% down if you own the operating company).DSCR or asset-based financing once the first lease is in place.Incentives: some states give credits for energy-efficient retrofits or tech infrastructure.📈 The Business Model (in simple terms)Phase 1: Buy an older warehouse <$1M.Phase 2: Invest ~$150k–$250k in power upgrades, HVAC, and security.Phase 3: Lease out racks or entire rooms to tech tenants.Phase 4: Refinance at the new appraised value (cap rate compression = wealth).Done right, a single small facility can net $40k–$70k/month, while the property value triples.🧭 My Next StepI’m currently analyzing a few markets (Dallas–Fort Worth, Huntsville AL, and Columbus OH) and talking to brokers about properties under $1M that already have decent power access.I’d love to hear from anyone who has:Invested in industrial-to-data-center conversionsWorked with colocation or mining tenantsExperience with utility upgrades or zoning for high-power facilitiesQuestion for the community:If you were starting from scratch in this space — what would you focus on first?

Tyre,There is a lot that experts on BP can advise but to cover a few of the basics, I would start with a few things.

Basically, one person brings the credit and experience, the other brings the cash for the down payment or rehab.

We run a management company and no I'm not trying to sell you anything... but here... we offer a free paint approval form... it on our website... it simply allows you as the landlord to provide it to the tenant and they input their color codes, colors etc. and then it describes the quality of what should and should not be done: https://www.g3manage.com/rental-paint-approval-form  --- there is no catch here, basically we provide this system on our webpage for free because it boosts our google ranking, but its free and theres no signup or anything funny like that. 

Sorry they don't do anything so basically the neighbor could have a rager and they won't intervene. 

Expecting to go vertical the next week.Sep 2022 - Just starting to go vertical with the concrete block walls.So basically from March-Sep, there was almost no progress made, when it was expected to have it completed within that 6 month timeframe.Sep 28th - Hurricane hit.

Basically what I'm saying is it will be very hard in today's market to cash flow immediately unless you add substantial value.

Basically if I die, kids get the houses and there is emergency money for family to use to maintain the houses as well as paying them property management fees until the kiddos are grown