I know some will say it's not a big deal, but it's pretty clear to see how the plan influences the best use of impacted properties.

I think he knows that, and realizes his influence over that public confidence.  6.  

This is location fueled and pretty much the influences are known before your invest in whatever location that might be. 

How to Win Friends and Influence PeopleJim Collins.

(Acts 20:34 ESV)Most importantly, if I focus on the person and not the profit, I believe God will give me a sphere of influence, a platform, on which I can be a light to the nations.

This will probably influence my suggestion.

So great that this forum has such an amazing international influence!

More risk in terms of collections and damage by tenants or other external influences (i.e. thieves).

And that can be influenced by so many other things than just risk. tldr; cap rates dont always measure risk. look it up

If these were easy, everyone would be snatching these up, just think about it :)  Finally, just knowing and being apart of hundreds of 203k transactions for our private client construction business, this is not a forgiving loan and encountering large challenges with the purchase, may influence your opinion of the simplicity of the 203k, if you intend on using a 203k, perhaps seek something that requires more work and remove yourself from this short sale.