If you want to bet on this, you can wait for a couple years before doing your cash out refinance.  

A little more work, doable, and safer in the long run.

They prefer a consistent return based on a 20-30 year triple net lease with income jumps every 5 years.Yes, for investors who want RE speculation with little to no current tax sheltered cash flow your model would be preferred.On the other hand , a safer passive investment approach emphasizing cash flow and cost segregation tax saving benefits that don t fluctuate, makes investors happy by getting a 100% ROI after 3 years.

Due to to small location wouldn't necessarily bet on cap rate compression. 

Established developers with a history of successful projects are generally safer bets. 

Sounds like being super proactive by picking out a place before selling the old one is a safe bet.

So it is a good long term bet (provided the socialists do not bankrupt you first).

I bet a lot of new investors would love to hear how you got #2 and what’s your plan for #3

I really see Columbus Ohio as an extremely safe bet for the next 10-20 years.

Your best bet is the highest money down conventional you can do.