It shouldn't be a deal breaker but you need to make sure you aren't paying too much for it since it might not be as elegant as concrete but don't get hung up on it. i have seen some gravel roads that were better to drive on than beat up asphalt roads.  

That's an elegant solution, Jason.

There is no sense of elegance or look professional. 

H Mann - my guess is you saw a post regarding a FSBO on a subject 2 VS a bank REO or a short sale.Although I wouldn't - you can use a clause like that with a FSBO (non-short sale) - but there are more elegant ways to get out of those.Jon - that was very funny.

@Steven GreenspanPrior to looking for the "diamonds" as @Brian Burke has elegantly referred to them, be sure to educate yourself on the subject of syndications by reading books, blog posts and listening to podcasts. 

Austin is a tech hub, liberal w/this backdrop, culturally more aligned w/Amazon than one would think about TX in general (they don't say keep Austin weird for nothing) and yes, Whole Foods their big acquisition is HQd here.  

You can drywall and then add wainscoting for a more elegant, but still cabiny look.....

One of the advantages of not having winter ;-)   Such an elegantly simple solution would not work here ... for long.

You need to find out if this property is elegible for bank financing.

Investors have influence on the acceptable market yields in the backdrop of where US Government bonds trade.