The land is blocks away from Rockhurst University, UMKC, and the Plaza.

I’m an engineer by degree and have worked on a few septics during my excavation years.

These are the basic universal fact points to know, on really anything, right. 

One final quibble is that they don't have the wonderful universal search feature of quickbooks, where I could just start typing and quickly find matching transactions.

It goes against your bold to a degree as 100% is a bad focus but it should be the primary focus.

It seems like a great opportunity, but as someone based in DC, I don’t know much about Salisbury.I see that it's fairly close to a hospital, which could be good for medium-term rentals (MTR), and it's also near a university, which might attract long-term renters.For those with experience in this market, I’d appreciate your thoughts!

I agree with this high level (Private Money = Individual, Hard Money = Company Non-Turnkey Product).I've been begging (mostly to no avail) for better clarity and definitions here for these to avoid confusion - BiggerPockets IMO has a HUGE opportunity to set and create the "gold standard" universal definitions of loan types with just a little initiative. 

Also, if you're renting by the room, it’s a great idea to try and be near a school or university for demand.

Carson, first congrats on the upcoming degree, I'm sure you'll have a solid baseline for property management based on your degree in facilities management.  

PM's are like the market themselves, they seem to go up and down in quality to some degree, plus truthfully you'll find some that are more experienced in specific locations than others are.