Make sure to mention that this violates the quiet hours policy and could impact their lease status.

As others have mentioned, having a good ballpark estimate of rehab costs before closing is also smart, and likely required if using a hard money lender. 

You didn't mention the higher Florida insurance costs. 

The market where the warehouse is is 25 minutes from the previously mentioned area and has a popluation of 4500 people.

If after interest rates spiked a buyer waited for them to drop back to 7%, they would have waited 21 years til 1993 for them to get that low again.Hope he isn't holding his breath.

Both Charlotte and Raleigh are very strong growth markets, for all of the reasons that you mentioned.

The other info sounds great but I would verify the assumptions I mentioned because if they’re off, it throws everything else off.  

Step 4: Do a contract with the builder, order an appraisal to make sure the numbers work for the build, wait for the home to be built.Step 5: Close once the builder has a CO!

And it could take even longer than 6-12 months to find a replacement depending on the area.The other things to look at carefully are major Capex or maintenance expenses - you didn't mention whether this was a NNN lease.

$6k tax.Ins,hoa, not to mention utilities . took out a HELOC off of our personal home ( res.worth $900k, and a 260sq ft studio, mtr. $1450 mo.) for$ 220,000 for the deposit.