They have a ton of good groups and meet up events happening on both sites.

I also agree that RE appreciation is unlikely to match the last dozen years, but you never know.Where I am unsure we agree is that paying $450k to improve the cash flow ~$3k (your numbers but I expect my delta wold be similar meaning both my cash flow estimates would be worse than yours but both would be worse by the same amount not affecting the difference) makes sense especially if the cost of having the extra $450k is only 6% rate which is historically simple to beat via numerous investment options and hopefully no one is investing in RE for an expected of 6%.  

Dependable routine maintenance is a part of this property with a full time team on site at the villa. 

Sometimes things are left on the work site and local hoodlums sneak in and take them.

The land assessment value is on the tax assessor's site in every county, but that doesn't hold a ton of relevance in my opinion.

Costs a lot less to do all pad sites together versus individually. 2.  

There are sites out there like passive pockets as well as this site where you can find out a lot from people who have invested with that fund.

I’ve asked numerous guys I work with if this is a 24 hour job and all laugh.I guess I could be wrong even if you gave someone ten hours labor but 24?

I have been working with my contractor about 23 years now and when we get involved in a project I go to the site at least 4-5 times per week.

Clearing potential building sites.