It's to easy to verbally just throw out numbers with no time or energy into the deal.

However, this area is rapidly building up and offers strong economic growth, so it's conceivable that we can exit with worthwhile profit.A friend has suggested we contact a few local commercial real estate brokers to get some estimates.

Seniors with 20+ Year Ownership and Homeowners with Low Economic Stability Scores (FSS) are 2 great alternatives.

@Megan Silver I do want to add that the reason I focus on mid-range properties isn't (just) because of your budget constraints - but because those properties will (generally) be more stable in terms of rate and occupancy; even during an economic downturn, guests who might usually go for a luxury property will scale down to mid-range, and you avoid the headaches of budget renters.I'm glad we were able to help you clarify your thoughts on this!  

Beyond that, the economics of how you hit your expectations stay the same.Again, I hope you get a few answers on performance on here.  

Bringing Regional HQ to Downtown- CAT is building new regional HQ that will provide 600 engineering jobs to Tucson with a projected $600 Mil. positive economic impact on Southern Arizona.

If a deal doesn't make sense, focus your energy into finding a deal that does, instead of wishing this one did. 

I've already had 2 conferences with the city council and Dir. of the Economic Development.

Or not worth the time, energy, money for turn over?

But there is a pattern I've observed:  Go to a "free" seminar, get pumped with the idea of no money down REIGo home and start wholesaling Don't find a deal in a year Abandon the REI dream I say to people all the time if you have some money $25k or more [and you do Maria it's in your home as equity], then buy something just skip the wholesale step unless you are like super young with a ton of energy to dissipate on chasing sellers and investor "buyers".