Determine how much money would be needed to handle each risk, and determine if you have sufficient liquidity / cash flow to ensure you can “stay in the game”.This is of course in addition to all normal “due diligence”, financial forecasting, etc. 

It was a strategic choice to ensure the property was ready to capitalize on the anticipated growth in the area near the planned casino development.

As you say, the concept is great and true, but the proper application in practice may not be as advertised.

But my biggest advice, make sure you properly comp the property. 

However, you’d want to carefully evaluate market conditions to ensure you don’t lose too much on the sale.Pros:Avoid further investment and risk.Free up capital for other opportunities.Cons:Selling costs and potential difficulty finding a buyer.You may miss out on potential appreciation.Recommendations:STR Route: If you believe there’s potential to improve revenue and occupancy by refining your property’s appeal, going the STR route could work.

@Allante Loper you probably have all the contacts you need to succeed - you just need to figure out how to properly leverage them!

Have you run the numbers to ensure they work for potential buyers?

NSPIRE inspections will more accurately reflect the true physical conditions of properties and ensure that property owners adopt sound maintenance practices to eliminate health and safety hazards that may pose a threat to residents.

If the property is in fact vacant, the problem it runs into is proper comps where say it might have 9 bedrooms and the rest of the neighborhood and similar properties have 3. 

I don't think there's a perfect answer.When I carry, which is rare, I carry concealed just because I don't want to be seen as a threat to anyone.No matter which one you choose, be sure to practice and ensure you are comfortable with the draw and know how to carry safely with one in the chamber.