The developer did a build to suit for us, putting up a building for which we signed a 5 year lease with 2 5 year option at $3500 per month with $500 per month increase on option 1 and $1000 on option 2.  

It's your job to know the role of the game pieces and position them on the board in a way that most suits your bottom line. 

Here are some and considerationsTo select the neighborhood that best suits your requirements and tastes, investigate the individual neighborhoods within each area.If you currently have children or want to have children in the future, research school districts.Because traffic and transportation infrastructure might differ, take into consideration your preferred method of transportation.It might be beneficial to visit each location, look about communities, and get a sense of the neighborhood before making a selection.

I would imagine that the tenant either paid up or reached an agreement to move out in exchange for the owner dismissing the suit

It is also a great place for flippers to make some $$$$$$.Demographic SnapshotPopulation Dynamics: Higher populations in zip codes 13208 and 13210 suggest a vibrant rental market, whereas 13224’s higher median income points to the potential for luxury real estate investments.Age and Housing Needs: The younger demographics in zip codes 13204, 13205, and 13210 indicate a need for affordable, compact living spaces suitable for young singles and new families.Age DemographicsGen Z is actively moving to Syracuse, NY:https://www.localsyr.com/news/gen-z-is-moving-to-major-cities-including-syracuse-why/This migrational data is supported by search terms for jobs at Amazon being up 900% YoY:KeywordAvg. monthly searchesYoY changeamazon jobs syracuse ny500900%amazon careers syracuse ny500900%Market Analysis and Rent TrendsRental Scene: There is a stark contrast in rental prices across the zip codes.

Even more of a reason you should re-consider investing in luxury, Class A investments at this time.

Or are you going after 250 unit luxury downtown apartments?

Personally, I like the all-in-one units but they are expensive and poorly suited for larger units where it will take forever to get a load of laundry done (since you can't move the clothes from the washer to the dryer).

If you feel that interest rates are likely to drop, property values are not likely to follow suit.

Great write up, choose your poison, but different products are suited to different situations!