My advice is to gather all of that information and present it to the potential buyers up front.

@Akil MitchellFrom my experience, when buying a property, it's crucial to assess local building codes, potential de-conversion costs, and permit requirements.

I've been a few times to Killeen, Belton, CC, Temple area looking at potential purchases before I gave up. 

In my experience, finding deals with strong potential for cash flow, often means digging deeper into off-market opportunities or unique property types that traditional models overlook.

The more you can show that you have community support (talk to your neighbors of the property & the local biz) and potentially MEDC conceptual support that will go a long way. 

The premise of the time value of money struck me: "Money in hand today has earning potential, and we can turn money today into more money tomorrow by investing it."

You need to pay attention to things like rental demand, upcoming developments, and overall area growth potential.

Your profile mentions that you are an agent with rentals.You would want to see if you are able to claim real estate professional status.If you are able to claim real estate professional status, you can potentially offset the rental losses with your real estate agent income.Furthermore, TN does not have a state income tax allowing you to be more open with your options.Best of luck

You seem to be aware of this risk in referencing potential bottlenecks which puts you ahead of the curve. 

Are they the only potential applicants?