Key details:- Existing debt: $2,038,000 at 3.8% with 7 years remaining- 92% of units already upgraded- Recently implemented RUBS program- Strong occupancy in a growth marketGiven the current debt structure and property improvements, this asset presents an attractive cash flow opportunity with potential for further optimization.

Is there not strong economic growth in this area? 

And vinegar helps stop growth too if they do it early on. 

Strong potential growth, lowering prices, good proximity to the rest of Florida, but central.

All of these can make a difference.Look for...JOB GROWTH - If there are employers coming to the area, people follow and populations increase.POPULATION GROWTH - What is the driving force behind the growth?

The rest will be leased.How do I determine and analyze a potential location for this development in terms of potential lease rates, vacancy rates, potential area growth, post construction value, etc?

Planning ahead and staying financially disciplined now will set you up for successful growth in the years to come.

The macroeconomics is booming because of big companies moving and developing here like Intel, Amazon, Google, etc. that's why there is a lot of population growth and job growth.

If your goal is to get in the game, have a profitable investment, and build a team to set you up for future growth- the Allentown market will treat you well, even in its current state.

A few places I'd recommend you look into:Madison - it has been up and coming for a long time now and I believe there is still going to be a lot of growth here over the next few years.