Just one observation is that if you end up dropping $600k for the business with stagnant growth, it will take how long to see that initial amount returned? 

Rarely does an exterior street observation ever tell the whole story. 

Your observation about exiting at a lower cap makes a lot more sense to me now.  

@Logan KochHere are my observations/notes:Insurance at $2,050 - this way too much for a SFR.

Over the past year I have observed charlotte I have seen the prices steadily rise for 3 bedroom sfh style houses from around 140-150k to 170k-200k. 

That observation 'might' prompt them to come take a look, doubtful, but they might visit the property, especially if they know no one has been using water/sewer at the property (they don't know, they just see usage).

This is more likely if you do not observe corporate formalities (e.g., maintain proper documentation, segregate your and the LLC's accounts, and keep adequate reserves in the LLC's account(s)).4.

Go to at least 6 listen and observe. 7.  

I told this guy he was observed trying to break into my rental, and asked him what he was doing there.

your right I am not very observant.. just a dumb ole developer  carry on..