Without a cost segregation this could be difficult unless the roof has been replaced after the initial purchase.

It will be difficult finding a second position lender on a primary purchase (IF THEY EXIST AT ALL).

Sellers who purchased homes during the market peak may find themselves in difficult positions, as they could potentially have to sell at a loss or contribute additional funds to close a deal.4.

Also, i would say smaller funds can be economically more difficult with a high expense ratio under say 5-10M AUM (assets under management).

5) Internal vs External (In-house service teams vs Outsourcing: AM, PM, IR, Back office, Operations)6) How did you handle difficult situations in business?

Due to the size of these stores it makes it very difficult to rent these locations and in most centers you have to divide the space which requires significant modifications to hvac, electrical, plumbing and storefronts.While this doesn’t answer the questions gives things to consider if buying one.

I completed a 1031 exchange two years ago, but found the strict time limits made it difficult to find a good deal.

It is difficult because you have to replace them at new value. 

Each unit in teh building has their own master water shutoff valve, so I can't imagine it will be that difficult to get some hardware + automated billing system through someone.

It's easy to say you'll raise rents to market rate but pulling that off can be difficult in softer markets with supply/demand dynamics without causing temporary vacancies, which leads to new TI's and other lease incentives to refill the space.I'm sure you have an investment strategy for the replacement property, and that should include which markets you are looking to reinvest in.