When we walk the property for DD, we bring on contractors for all the major components (Roofing, siding, parking, plumbing, electrical, HVAC, Elevator, landscaping, pest control, overall GC).

I feel that some people who boast about their appreciation right readily forget the losses they have incurred- and I also can't imagine a way that they could ever be properly quantified.One thing that I know is that to the extent that my buildings or business takes time away from my family, it pays for immediately, monthly... promptly allowing us the ability to travel, enjoy recreation and still have a large chunk to elevate our standard of living. 

If you go out of this area, you can advertise as close to UT, but you won't get the elevated rates you can right next to campus.

I'm continually looking for multifamily investments but willing to pay the tax and take advantage of the elevated housing prices going on right now. 

Based on that I would steer clear of mobile home parks since lenders will almost always look to offset the elevated risk of a mobile home park with a higher down payment requirement. 

I have for a long time been loudly hoping for Atlantic City to take its stand and elevate itself as an entertainment capital of the East coast. 

(1) The key thing to understand about the BRRRR is that an elevated amount of attention has to be paid to assuring a good assessment after renovation.

You should also look at google 'terrain' map or some town flood zone info and ensure that you will actually be able to re-direct the water to a lower elevation, or buildup grade around building with some compacted top soil.

Will it have flood risk if elevation is below a certain feet? 

I have perfected my elevator pitch because I’ve told people what I’m looking for so many times “8-20 unit apartment building in Indianapolis/Bloomington/Terre Haute Indiana markets.