The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the current bonus depreciation rate at 60%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.

The whole area was neglected in the past but is having an insane about of public development that I fail to see how it wouldn't continue (near one river north development, mile high station redevelopment, federal blvd greenway, federal blvd BRT, Morrison Road redevelopment, just to name a few). sorry for the long post I kinda just spilled out my whole thoughts on the area..

I would be reluctant if it were a gas station or other environmentally challenged property though). 

I have a duplex near a Mini Mart gas station and people are constantly throwing their trash on my property.

But the city has risks too: historic tanneries, dry cleaners, gas stations, garages, workshops, any kind of industrial use - always be suspicious of what people did with chemicals back in the 50s and 60s when the general population had no awareness of the damage

I know 3 units and up require the hardwired smoke/fire alarm with horns and pull stations, but not sure about the sprinkler. 

I’m curious how you balance quality and budget when furnishing a property.Your experience in Bryan/College Station is really helpful, especially your point about bus stops and development.

The Coast Guard doesn’t normally keep their troops stationed in one area longer than 3-4 years which creates some demand for rentals in the area.

So if you're at Home Depot or the gas station, better be prepared to do some thumb typing while people wait in line behind you.

Our goal is long term station able cash flow.