Given the high demand for industrial space, especially near major interstates, this could be a smart move.

If prices are high and supply is low, it may be worth taking on a major battle.Jon

Shortages of construction labor and material will also have a major impact upon pricing. 

Majority of mold complaints are tenants panicking and/or trying to get free rent out of their landlord.If they do get an attorney involved, their attorney will send you a written notice, which will lay out the issues and often tell you to give the letter to your insurance company.Don't bother with this, but you can discuss with your agent.When you or your PMC (or both) receive a legal notice of a case started, that's when you want to get your insurance company involved.Recommend you keep a record of all your communications with your PMC about this issue.

What are the major employers in Waco, besides Baylor?

I’m starting my journey into real estate right now and you give hope that the possibility is there for major growth in a relatively short amount of time.

Make sure both properties have all the repairs and maintenance needed and no major cap ex is needed before you try to add one on double leverage.

So the one thing you train with it is not there in a majority of the places you go.What is there?

Also there are some major zoning changes proposed.Something you didn't mention is financing--unless you're buying cash? 

There are definitely great properties at that price but they're going to need major rehabs.