Imminent Domain and its effect on Property Values

[Anthony Parisi]

I have an opportunity to purchase a SFH in the Boise area which will be used as student rental. Only catch is the University has set the home and neighborhood within its imminent domain master plan for development in 10-15 years. The home rents great cash flow today but I am concerned about appreciation and being able to sell in 5-10 years. What should I know about purchasing the property under these circumstances?