May I know what are advantage, disadvantages of master leasing compared to traditional property management?

* very easy to file appeal and not too hard to get assessments corrected here compared to other regions?

In a similar fashion, if you can imagine how much landscaping and underground infrastructure is in a golf course as compared to the clubhouse, that will give an indication of why an extremely high percentage of the property's value is allocated to the land improvements. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Getting a full, locked loan estimate is the only way to truly compare the two. 

Yes, that's far more attractive when you consider leverage (e.g. a mortgage), but when you compare it to Cleveland (4.79%) or St Louis (4.49%), it's not all that great.And when you look at Detroit at a whopping 16.73% CAGR, Columbus is absolute peanuts.In short, if you're looking at Ohio markets you would be remiss to not also consider Detroit.

., the destruction threshold); which Property characteristics the destruction threshold percentage applies to, such as market value, assessed value, replacement cost, or unit count; for Properties with multiple buildings, if the destruction threshold percentage applies to each building, or all buildings as a whole; the replacement cost to rebuild per current requirements for zoning, and land use; the Property’s continued marketability, and economic viability; the amount and type of Borrower-maintained insurance coverage required per Part II, Chapter 5: Property and Liability Insurance, Section 501.02C: Ordinance or Law Insurance; insurance loss proceeds payout, compared to increased rebuilding costs, including from building code changes, Americans with Disabilities Act compliance, and the municipality's local zoning requirements (e.g., green compliance for new buildings, etc.); the sufficiency of estimated insurance proceeds from ordinance or law insurance and other coverages to repay the Mortgage Loan in the event of partial or full casualty, or condemnation; and for a Tier 3 or Tier 4 Mortgage Loan, if requiring execution of the Limited Payment Guaranty (Form 6020.LPG) would mitigate the risk of the as-rebuilt Property not supporting a Tier 2 Mortgage Loan.

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This market is definitely easier to get into though compared to others. 

The bank used a comparable sales model.