We have spent time defining our property criteria and looking at markets in: Kansas City, Mo., Lehigh Valley, PA, Northern Kentucky/Cincinnati, Cleveland, and Bakersfield, CA.  

The "risk" as I see it involves three factors: 1) How soon will the system, or any of its components, need to be replaced, which a good inspector should be able to counsel you on.  2) How much will the system or its components cost to replace? 

I've been selling my 10 year supply of reloading components for 5-10x my purchase price. 

Tangible personal property, such as the structural components of buildings, allows you to capture the accelerated benefits of cost segregation.

The old saying “what you do when no one is watching defines you” or something like that haha.

I am looking at 40-200 unit multifamily with a value add component.

(These so-called “core retail sales” correspond most closely with the consumer spending component of gross domestic product.)

The best advice I've found comes directly from @Brandon Turner himself, define your criteria.

Define "high profile".

Unless there is a legally recognized exemption (many exemptions are defined at a state or local level), then the termination clause in your lease would apply.