I like the multi unit office model, like multi family it brings down the vacancy risk, but also, in a small town I'd be looking at growth trends, incoming investments etc to confirm that use case for the long term. 

This allows you to decentralize decision-making and focus on strategic growth.

A successful real estate investor views each property as a potential asset, analyzing its value not just in terms of current market conditions but also its future growth potential.

A strong labor market can lead to wage growth, which further fuels inflationary concerns, making the Fed less inclined to cut rates in the near term.However, many recent jobs reports have been revised downward after their initial release.

Research the neighborhoods you're interested in to identify areas with growth potential, strong rental demand, and favorable appreciation trends.Financial ImpactCash Flow Analysis:Perform a cash flow analysis for both scenarios.

Look for those "C+" neighborhoods where there's potential for growth, but be careful of areas that might be too rough, as that can make property management tough.Also, consider connecting with local investor groups or meetups in Memphis to get a more targeted understanding of the market.Good luck!

Based on your numbers it seems you made your offer on the existing income anyway with a little bit for the potential growth of the unfilled spaces but probably not much. 

Many investors diversify by doing both—real estate for stability and businesses for growth potential.

It is an older community without a lot of growth.

Investors often wonder which cities are poised for growth and offer strong rental demand, as well as how to navigate financing options in today’s economic climate.Another key concern is how to manage properties from afar, particularly if you're considering out-of-state or even international investing.