The engineer should be able to advise on the best lot line outcome, especially if there are physical circumstances to consider, such as wetlands.

@Michael BaumEvery property we ever stayed at had a physical book so yes - it definitely suffices.

Many investors have had to get creative by emphasizing other property perks, like pools, proximity to local attractions, or unique experiences, to offset any beach access challenges. 

Many property managers tend to focus on physical occupancy rates, but what truly matters is the economic occupancy rates—the actual rent collected.

It doesn't add layers of physical damage coverage or cover things that wouldn't otherwise be covered.

If it's a good asset(meaning primarily good location), you eat the 5.3% cap no problem you own the physical asset.

Being in NY maybe something to do with physical document transportation?

More complex than it needs to be, I know, but what else is new when dealing with the City of Chicago...Nicolas, it looks like there is some "spot zoning" within the proximity and the first thing I would recommend would be reaching out to your Alderman.

Do we focus on flipping, (currently we have actually been trying to do this, but we physically can't find enough contractors in our smaller market <100K population to do that much work).

In my experience, the good ones are expensive, typically require a subscription, and sometimes they even do a physical inspection of your premises to verify it is a legitimate person / business in US.