I don’t know why we didn’t get that vital piece of info in our initial meeting.So my wife and I are extremely relieved .She says she will stay on as a courtesy and if things come up it will just be an “ hourly “ rate for emergency type situations or basic boots on the ground necessities.We really like her enthusiasm and positivity and she is great at communicating and seems  sincerely empathetic to our situation.

What made you interested in investing in this type of deal?

Get contract and Dollars.Assume the life of a billboard is X.Cash flow the revenue stream.Get a cost estimate to build the type of billboard you're thinking.Run your Revenue and cost for the above and see what the return is. 

Are vacant properties in Texas a better investment compared to other property types, considering factors like acquisition costs, demand, potential appreciation, and holding expenses?

There are a lot of nuances with this type of investment, but between Padsplit, your GC, and an agent, they can guide you through your first couple successes. 

Can any of you share your experience with that type of rentals?

My clients are still buying long term stabilized single tenant NNN more 10 to 15 year type stuff.I am buying with my syndication all cash short term lease blend and extend opportunities.Accredited investor 200k minimum per property for LP'sTypically pay 8 pref on value add deals and split cash flow thereafter 50/50 between LP and GP.Closed on Walgreens last month at 11 cap rate absolute NNN with 5 years primary term remaining. 

We’ve got to separate this type of loss from those in which the 5 items listed above weren’t followed. 

What made you interested in investing in this type of deal?

I told them though I would be willing to put as much money down to make the deal work because I believe this is a once in a lifetime type of deal.