FYI Dominic, the resident had been in the property since early 2019 and ran into issues in 2024. 

I am located in western Wisconsin. 

It is possible that over time, Google ranking metrics recognize the uniqueness of your key words, and you move up in the rankings organically (without a cost to you), so that you can be found easily on Google searches for your location.  

If you look in another location I would stick to the 2 you are already investing in and expand your footprint.

We have many efficincies under management with a ~10% vacancy rate with prices ranging from 485-625 depending on location property quality and amenities.

We sold 3 locations that had little debt on them with great cashflow, stayed heavy in cash, our stock return was only around 11% versus 25% since we went conservative, have two projects banks have already greenlighted with no downpayment on our part using cross collateralization with other properties- built in $2.5mm equity creation in 3 years in those projects, on hold for now.  .   

Location of property How did you find this deal and how did you negotiate it?

It's definitely one of those issues that is very specific, and would need to be worked out with Planning.

If you're located in WI, check out Premier Point Realty and Homestead Realty....both offer the licensing course at a discount and some of the lowest fees/commission splits in our local market.

Is there any state statute dealing with this issue?