Like others I will focus on bids on plumbing, electric wiring, fire protection circuit board, safety, railing. 

Cash flow today (though it’s nice as a buffer and margin of safety...) and more focused on acquiring great located assets that are lifelong holdings.

(Disclaimer:  for those of us who have no sense of humor, this was an attempt at humor and no way should be construed as being in any way discriminatory.)According to the article:"It doesn’t apply to sex offenders or people who have a criminal conviction that, after an “individualized assessment,” shows that denial based on the conviction “is necessary to protect against a demonstrable risk to personal safety and/or property of others affected by the transaction.”You'll have to obey your local laws, and do an 'individualized assessment'. 

Not only does this help to ensure the safety of everyone in the unit, but can also help to determine how they will treat your rental property and if you will get paid on time.

I like the safety of being able to exit at the end of 4-5 years and the refinance option to cash out of just refinance for cash flow.

This is for the safety of all residents. 

You are walking a tight rope without a safety net.

Just omit any mention of that point, but you can still mention that the seller would save $ vs listing on the market because you would be dealing direct and can essentially bypass agents (if they desire, or say you have no problem if they want to be represented for safety, they key is making them comfortable).

It's being built from scratch unlike residential remodeling when you're dealing with years of unqualified, untrained, do-it-yourselfers work that often has to be redone for safety or to satisfy newer codes.As a 40 year Contractor, I can tell you ALL remodeling estimating is a shot in the dark.

Hi Michael,Yes Kroger and other grocery stores as you know work on razor thin margins.