But the other side of the coin is correct - the downside, and it can be huge, is potential assessments from HOAs who aren't solvent enough for new roofs or roads or maintenance.

A contractor can help with this or realtor who has done this3. depending on what side of highway 35 this is on is going to be a huge deal4.

Social media is the new way to market and sell things, anyone not doing it is missing a HUGE opportunity!

Speak with someone you know in leadership or on staff and express your interest casually.Frame It as a Solution: Highlight how purchasing the property could be mutually beneficial.

There are situations where it is more beneficial to end the current lease and start a new one (ability to change lease terms, rent amount etc), and there are situations where it makes more sense to just do an addendum.

Need some advice on the best way to structure this deal that's fair and beneficial for a 3 person LLC/partnership agreement. 

You don't need the huge fridges and ranges untill you get to a higher price point IMO...

@Bridget HustonWelcome to the community and be ready for a huge amount of information at your finger tips.

I also assist folks (largely OOS investors) get started in the market there.I'm happy to connect, chat about the market, and send you a ton of resources.The city has been seeing a huge resurgence that goes back 10+ years now.

It's not just about the rent (which is huge!)