Anyone else observes this?

Observe and listen.

We have also observed that many of the "owners from away" of the 5-10 unit properties we have examined, bought them during the period when it looked as though the second refinery was to be built.

From what I have observed in the CT and NY markets the property management companies that do charge the ever so enticing 5-8% generally do not have as good communication with investors, and will also up charge / fee the owner to death.

I will be glad to share my observations.

As an observation, if the lender needs to lend a minimum of $93k to avoid the "high costs mtg", which is a problem for Them, not you...this means you are getting hosed on fees and costs, since they need to lend $93k to avoid it due to Their fees.....find a better lender.

A few observations that could make this a non-starter.Comps none available - What does that really mean?

I would offer a couple of observations.

A buried leech field is not obvious, you can't observe the use.

Looking to network with other local investors to share ideas/observations, contacts, and investment strategies.