Your friends return is also predicated on when he bought, a few short years ago property values were 30% lower and rates less than half what they are now.That being said Tampa is great because we have multiple draws: Beaches, Pro Sports, Bourgeoning Waterfront Downtown area, Busch Gardens, Midtown, World Class Airport bringing in Business and International Travelers, and more!

At this point I would own two adjacent 2500sqft properties in a booming area. 

Purchase price: $1,800 Adjacent to VA Hospital and Forestry Service, (corner of Rigolette and Shreveport Hwy), this commercial lot is a great opportunity for billboards, food truck or convenience store – easily accessible to 1600+ Federal employees, not to mention hundreds of daily visitors!

Investments in mixed-use development, office buildings, and residential areas have attracted more residents and businesses, positively impacting the real estate market.Strategic Location and Infrastructure:The strategic location of the Lehigh Valley, bolstered by infrastructure like the Lehigh Valley International Airport, makes it a hub for transportation and logistics.

To further address, those markets differ from areas near the airport, such as East Point, College Park, and Hapeville.

Yes, planned changes can affect a neighborhood positively or negatively.... things like changes in airport traffic, road expansion, putting in a new community park, new construction building and more...

Finding information on the financial side of many markets hasn't been a major problem so far, but I'm struggling to find accurate and up-to-date Real Estate adjacent statistics such as population projections, tenant demographics, crime, main movers in local economies, environmental risks, etc all stratified by city (or even better neighborhood!).

@Justin Young, over twenty million people pass through Honolulu airport per year.

One thing I want to negotiate in the deal is a small concrete building used for storage that is owned by an adjacent land owner that the current owner knows they are willing to sell.

If applicable, owning/renting property in a special district (which levies taxes for specific things like airports, cemeteries, drainage, pest control etc) can also pack a punch.