@Mike Makkar  I crack up at your comment that Texas building costs are so high.. our costs are well over double what you guys pay you have some of the cheapest in the country.. you can build pretty cheap in metro Atlanta as well.land in the path of progress makes more millionaires than any buy and hold scenario unless you have A lot of buy and hold capacity..I bought a 4 acre piece in CA. in 1994 for 28k  NON buildable but bordered city.. it just finally got brought in.. and across the street the largest Indian gaming casino in the state was built over 300 million project.. we are about to get upzoned to flex resi commercial and I think my value at that time is about 3 million...

That's a nice coastal area with CBC and Keesler nearby; the casinos don't hurt either.

The price and they are building a 50 million dollar casino at the edge of town How did you find this deal and how did you negotiate it?

Welcome to BP @Caesar Nguyen !

For multi's, there are only a handful of areas, east of 95 freeway, near Summerlin, Spring Valley near chinatown, and behind MGM Casino, near strip, cross Tropicana and Maryland. 

Pine bluff has a new casino that will be opening soon, If your into golf The Pine Bluff Country Club is a nice track. 

Of course I would recommend buying a home with it, but you could head down to your local casino and put it all on red if you choose to! 

Will a casino fix things?

There are pockets of good areas, east of 95 freeway near Summerlin 450-550k, Spring Valley near Chinatown 450-500k, and behind MGM casino off Maryland/Tropicana (350-400k). 

You would have better odd's going to a casino and putting everything you have on black at the roulette table than you do of having a good outcome of a rental property bought via HML.