When I work with PMC’s I’m helping them structure their business to make sure their foundation is solid and also that their policies and procedures align with their culture and also that they are providing the best service possible and assist in getting them there. 

@Britt Angel This is the Whole purpose of a “walls in” policy....to cover damage from a natural event or by Someone else (ie. your upstairs neighbor let’s their tub overflow).

I would ask them what their policy and procedures are for these types of scenarios.

For instance, by nature, most (though certainly not all) QOZ funds will be investing in "up and coming" areas, wheres there are no geographical constraints to a traditional 1031 investments. 

In many markets you have to add value since natural market appreciation value is low.

My question is, what is the correct procedure for investors investing in your company?

Always use an agent if possible in all your deals because on the buy side they will know all the procedural process and guide you in that, esp. in the infancy of your career.

You don't have the natural habitat views here like the oceans, mountains, etc. that you would have in California or Colorado.

I understand the underwriting procedure and know that even if I can provide the nominal NOI and market CAP rate the buyer needs to go through a much more detailed analysis.

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.