You also have to be with an agent who fully understands the nature of zoning and regulations.

Quote from @Sarah Grace Haire: Hi Mostafa!

But, life seems to go on for them...On a slightly different note, I think the nature of your investments may dictate how you structure yourself. 

Cedar offers natural resistance to rot and pests with a great look that can enhance property value, but at a significantly higher cost and it requires regular maintenance to retain its appearance.

A similar situation would be like when New Orleans flooded and people were displaced in mass , or another natural disaster .

Trying to figure out if this is natural settling or we should provide reinforcement to the beam to prevent further settling. 

The natural gas boom in the area has brought a ton of out of town workers who need a place to rent.

They will often want a new building constructed and building today with labor and materials is very expensive versus retrofitting existing building.When I buy value add vacant buildings the goal is to double the return on investment within a 3 year period.So if I can use the existing building and retrofit to same concept ( example previous burger inc. but now Whataburger wants to come in ) then not as much tenant improvements to convert.So if rent 20 a foot for 5,000 ft that is 100k NOI NNN a year. 7 cap value is about a 1,400,000 stabilized valueSo if I buy it for 400k and have 300k in it more 700k to get new tenant in the value is then around 1,400,000 based on NNN 20 a foot and a 7 cap rate exit value.If you want a premium price then you would need to sell to an end user tenant ( regional or national in nature) that wants to buy the building and put their concept in there.

In all, we were able to do a cash-out refinance after 1 year and got our entire investment, including down payment, back into our personal accounts and we still have a cash flowing property.The beauty of smaller town and communities is that often big-time investors are not looking at them as closely and they can cash flow quite well, at the sacrifice of "natural" appreciation.

Especially if you have a sheetrocker scheduled for the next week and you can't get your rough-in inspection to pass, it's a hair puller.