Last question in relation to finding deals--does anyone have experience with soliciting in the wake of a natural disaster?

I am old and retired; my wife is younger and retired too, we landlord to supplement our retirement income so we don't ever have to work at Walmart!

I don't know what type of backgrounds some of those large companies l typically like to pull from, but wouldn't think engineering (with it's analytical nature and work ethic that typically are associated with this background) would be a negative. 

After reading and speaking with other lenders, I've found there are a couple of different ways these companies are structured:1) A close-ended fund much in the nature of a PE/private credit fund, where the operator earns an asset management fee of invested capital (2%) and a servicing fee of the loans in the portfolio that the operator is actively managing (.5-1%).

If the fitness center has an indoor pool, this won’t qualify as personal property since it is considered to be structural in nature, but any pool equipment would also qualify.A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be depreciated over 5, 7 and 15 years from the residential rental property or nonresidential real property that are depreciated over 27.5 and 39 years, respectively.

Not saying you have ventured out, but the marketplace is not changing do to immigration in any significant manner as much as it may with the natural growth of our population.

Unfortunately there's no place free from mother nature.

I would find out with natural resources you have on your land.

@jon @Jon Holdman - Most of the properties look like great deals, until i'm honest with myself and add 1 month vacancy and property management.  1 month vacancy maybe too much, but by nature I error on the conservative side.  

The potential risks would be things like lessors over grazing/putting more cattle than allowed on the property, wildfire/natural disasters, still having exposure to cattle prices IE lease prices drop, things like that.