When you buy a new policy and that little booklet on very thin paper arrives, read it.  

If your physical vacancy is 12.5%, your economic vacancy will be greater, perhaps even double depending on the tenant population, the neighbourhood and the rate of decline of the business.You need to understand the customer, and how the business arrived in its present state, before you can determine whether the pay-back on 50K of CapEx - not to mention the initial purchase - is sufficient.As others have posted here, it sounds like the Vendor has milked all of the equity out of the building - leaving the building with significant deferred maintenance; perhaps even obsolete.  

A litter bit late I arrived!

Checking with the departments one by one for each land listing that looks promising seems very inefficient.Regarding costs, i hear build costs of containers vs stick built being similar, but I had wondered if that is taking all aspects into consideration like build time, foundation and site prep requirements, etc. yes, steel cutters and welders are a special trade but the structure can arrive pre-built and potentially just sit on concrete pier foundations if the soil and zoning allows.

I plan to arrive late Thurs to start Friday a.m., lets look for each other at the first session break Friday a.m.

I hope this conundrum to end with my arrival to biggerpockets.com.

Depending on your itinerary, I'm happy to do anything I can to help.Also, I believe that meeting with any of the Memphis-based frequent contributors on this site who have a moment for you when you're here would be time well spent.Where are you staying and when do you arrive/leave?

That way the tenant doesn't have to deal with it, just has to be at the house when they arrive.

Each time their payment arrive is after the 5th or 6th of the month even when the lease clearly said to be paid on the 1st of each month.

I had been thinking similarly, but hadn't arrived at the $500 per deal figure.