Based on your numbers it seems you made your offer on the existing income anyway with a little bit for the potential growth of the unfilled spaces but probably not much. 

Many investors diversify by doing both—real estate for stability and businesses for growth potential.

It is an older community without a lot of growth.

Investors often wonder which cities are poised for growth and offer strong rental demand, as well as how to navigate financing options in today’s economic climate.Another key concern is how to manage properties from afar, particularly if you're considering out-of-state or even international investing.

Similar to you, I wanted to find somewhere less expensive, still close to the Bay Area (drivable), but without the high property taxes, more favorable tenant/landlord laws, no state income tax, and consistent job/population growth. 

I look forward to the growth and knowledge sharing. 

We truly believe in fostering community and providing affordable housing while maintaining a high standard of ethical management and resident well-being.We are definitely looking into growth opportunities for our properties here in Norfolk, but we’re taking a careful and steady approach to ensure we can continue delivering quality for our residents.

Cheers,Jasper, the Pat Aboukhaled investor team,Turning investment visions into reality in Phoenix, AZ - ranked #1 for residential real estate growth and opportunity by PwC.Mobile: (480) 531-837

These moves could spur further economic growth in the area, create jobs, and possibly attract more tech investments, all of which could have ripple effects on commercial real estate and local housing markets.For investors, this development could present opportunities in both residential and commercial real estate, especially with the potential influx of new employees and businesses to support these expanding operations.

interest rates appreciation and rent growth play a huge roll in brrrr and housing hacking