One thing to consider would be the president's repeal of Obama's environmental efforts.Also, if a steady cash flow yielded similar to the above $3,001, could that be a $450,000 valuation at an 8 Cap?

Assuming a building footprint of up to 5000 sq ft, use could not support the need for a lot of parking (probably <20 spaces).Not interested in auto maintenance and other uses that require disposal (and potential runoff/dumping) of large volume of hazardous materials.Long term, I'd prefer something that contributes to the improvement of this area (e.g. a used car lot might be OK for a couple of years just to generate income, but I'd want to find something more beneficial after that).

All the off market stuff is held ransom by the local wholesalers who have a major footprint in the local markets. 

@Gino BarbaroI love your approach as I have a similar approach.Go big or go home isn’t always the right approach.As you note, in a market where one has a strong existing footprint, it’s easy to pick up additional smaller assets.That’s what we do in Greenville SC.It’s our only market and we own buildings that range in size from a triplex to 181 units - doesn’t matter to us.

He talks about the role of green building practices not only in minimizing environmental impact but also in attracting eco-conscious tenants and buyers.

Sustainable real estate practices are reshaping the industry, offering a blueprint for environmentally responsible and socially conscious development.

They are beautiful to look at  Because of a shoreline act passed it is impossible to change their footprint because some these would not be allowed to be built on today. 

The cost will go up substantially if you decide to expand the building footprint and roof.

Owner shall pay, except as provided elsewhere in thisAgreement, all expenses incurred by the Agent, including, but not limited to, reasonable attorney’s fees and Agent’s costs andtime in connection with any claim, proceeding, or suit involving an alleged violation by the Agent or Owner, or both, of any lawpertaining to fair employment, fair credit reporting, environmental protection, rent control, taxes, or fair housing, including, butnot limited to, any law prohibiting, or making illegal, discrimination on the basis of race, sex, creed, color, religion, national origin,age, marital status, or mental or physical handicap, provided, however, that the Owner shall not be responsible to the Agent forany expenses in the event that Agent is finally adjudicated to have personally, and not in a representative capacity, violated anysuch law, unless such acts and or omissions are outside the course and scope of Agent’s duties hereunder.

Sometimes contractors look at the house and think, I can fix this, so they waive inspections, not realizing that environmental factors (e.g. - underground oil tanks, septic) that are unseen can pop up in distressed properties a lot.