Right now, land (unless in a hot market) takes a special type of buyer/developer to turn it into money, so you're better off finding the thing the people with the money want. land tends to sit a long time...

Building a new location, development profit., B. 

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

The popcorn machine is nice, but not something that will be a deciding factor in bookings. 

Yeah, no question, I'd be taking my $2.5m payout on my $2m property and going to Carolinas, they got dang nice beaches too. 

You may also want to check the Columbus OH market - great macroeconomics with lots of job and population growth along with major companies developing here that drive strong rental demand. 

Quote from @Shelan Davis: I have house under construction in Cape Coral with Whitestone Developments.

What nice though with that is you build equity quicker.So just adding my experiences with the commercial side, from an owners point of view.Good luck!

It would be nice if you gave them more than that, because it takes a lot of effort to move a business (online marketing, business cards, etc.).

Tenants don't like to be bugged so I always try to be as nice as I can when I help a client sell with a tenant.