1 is mainly on the population.  2 is on the existing units.  

Yes, be methodical, be with purpose, have a plan but MOST important of all EXECUTE, DO, TAKE ACTION. 

But generally speaking the main sentiment that outside of city limits is easy, yes 100% agree.

The main reason I ask is because that is significantly below primary residence mortgage rates let alone any investment loans, if you can get rates like that I might need to make some changes on my end hahahTo answer your original question, assuming all else is equal long-term fixed rate debt is valuable. 

I wrote the above for informational purposes.

Its only good for tax purposes if its still a wise investments and you do not lose money on it.

I think my main pain point is underwriting the property as it is and then seeing what it could be and then making decisions on if it's worth and how those decisions are made.  

@Al JeciusAre you in City of Flagstaff or Coconino County for zoning purposes?

To you there was little change, you just keep paying your note but now own 123 Main St instead of 345 Side Way, and you have your equity as cash in your pocket from sale 1. 

Now if you could prove they were purposely steering qualified candidates to other units, or failing to market the unit at all, those would possibly be acts of fraud or gross negligence, which can be litigated.