In previous roles, I was responsible for the asset management, capital improvement, repair, and maintenance of an ANG Fighter Base worth over $400M.

How about the simple obvious that the inputs to deliver the service/product have a base-line and market prices have, OBVIOUSLY, been at about as lean of operating profit margins as can be. 

Your second point of most of the price appreciation is gone, I think is just off base. 

This would be more of a multi-family buy and hold play. 

Happy to connect as well as I'm based in Chicago.

Hey Zach, lots of reasons: 1) Local Expertise: For instance, My primary states are Hawaii and Washington.

Hi everyone,My name is Cole Dobbs, and I’m currently based in Houston, Texas.

@Robert MedinaI agree with @JD Martin that you’re in a strong position with $600/month cash flow and a solid equity base.

Maybe talk to the city and see what the process is.Now of course you don't know how things are going to play out.

Price RangeDefine your financial boundaries based on available capital and borrowing ability:For Class A & B, financing typically covers 75%-80% of the purchase price, allowing you to buy properties in the $6M-$12M range if you have $2.3M total cash.For Class C & D, due to higher risk, the price range might be reduced to $5M-$10M with the same cash.5.