But if your goal is to cashflow positive from the Day 1, you may find it very challenging due to current day interest rates, high cost of construction and the fact you won't have the efficiencies of a seasoned developer building at scale.

Regarding building the proprety for $700K, that is a challenge for sure.

@Joey Chalhoub This decision should be read narrowly to address statutory frameworks such as MN where state law permits it to take property to satisfy real estate taxes/penalties/interest, sell it, and keep any surplus outright.

There will be moments when challenges feel insurmountable—deals that fall apart, difficult contractors, financial struggles—but the only way to succeed is to persevere.

It's true you would have to send notice to enforce a lease provision or the tenant could face legal challenges from the landlord HOWEVER the national credit tenant has their credit rating at risk for defaulting on obligations which could substantially affect their cost of credit for business operations and that is not something they want to put at risk.Contrast that with joe schmo mom and pop tenant that defaults and if they have no assets to pursue you are out of luck.I help clients navigate the purchase and sale waters of NNN.

Challenges and Opportunities Unique to IndianapolisSeasonality: Tenant interest tends to slow in winter, so try to avoid vacancies during those months.Diverse Neighborhoods: Indianapolis has varied sub-markets.

Now, a person can argue I can't go out and get 2nd, 3rd, 4th, 5th financing on that property without satisfying that held mortgage.

Challenges?

Plymouth is an amazing spot to own a rental but making the numbers work is challenging at current prices.

I definitely think it's an untapped area, but there's definitely challenges and different nuances in commercial versus residential.