I think a lot of the midwest cities will capitalize on that in the coming years with the housing affordability issues the country as a whole has been having.

Zoning and Regulations: Even with SB-9, there are some restrictions, especially regarding fire hazard zones or environmental issues.2.

The main issue I have is contemplating the baloon payment at the end of the 2nd year and refinancing the remainder with a bank...how can I compute that into calculating the IRR?

Scott's issues, via the American Arbitration Association.

As much as I can I try to keep my clients out of serious foundation repair as it is typically not a one time repair, but an ongoing issue over time. 

What can go wrong, how to prevent those things from going wrong in a JV and tips for ways to solve those problems when they do go wrong.As a JV money partner, those are the most important issues.

As far as financing, if you have real CF then it shouldn't be an issue.

Tenant issues are more likely to arise and then you have the owner....many aren't qualified expertise wise or financially to weather the storm.

Traveling to other states isn’t an issue for me. 

I know this is also a National issue, especially in land constricted markets.