I would guess at least 30% of the commercial buildings in the Panama City area sustained severe to catastrophic damage.  

You NEED rental comps to assess whether or not the cap is sustainable, or else you could lose your ***.Local office leasing brokers who control the market are your best friend in this scenario.

If the answer is none, then is that a very realistic or sustainable investment strategy?

You will learn so much from buying a small SFR or duplex and renting it out, and with a smaller amount of up-front cash, you won't plunge too far if the deal goes south.I believe I could have purchased 2-3 times as many properties in my first year as I did, but I am trying to build a slow, steady portfolio that grows at a healthy, sustainable pace.

Im mainly looking for more passive ways of building sustainable long term wealth, not interested in the overnight success or endlesa days rehabbing homes, as this would be supplemental income.Thanks and look forward to learning more!

We almost never buy under $30,000 houses (and by this, I mean $30,000 all in, not purchase price), primarily for two reasons:1) As you mentioned, areas with <$30,000 house generally have higher crime, more delinquency and tenant damages.But also 2) These types of properties can't sustain such losses as easily.

Can you sustain if you don't make a sale for the first 6 months?

plus the reason i would never recommend rents under 750 is this math.your simply not generating enough gross revenue to sustain these properties.. and on top of that if you have a 600 rent PM is going to qualify them at 1800 a month.. subtract 600 for rent.. 200 to 300 for uitls and cell phone.. and you have someone living on less than 250 a week.. for food clothing insurance car etc etc... now can you live on less than 250 a week ????

I have a huge interest in agriculture (spent time in finance) and have always dreamed of having a far and being self sustaining.

The resource vets contractors and makes sure they are familiar with the administrative compete as well as reviewing financial to insure the contractor can sustain the project.