Could anyone share advice or insights on the market here?

A great target is a property that was last renovated between 2012 and 2019, meaning it is still in decent shape but could be upgraded to 2025 standards to maximize rent and value.You can also look at properties with long-term tenants who have been paying below-market rents.

Yes, I am aware that the current rate is way under market.

One thing I’ve learned in land acquisition is that the approach has to change depending on the market.

Research the sponsor's track record, past performance, and the market they’re investing in.Understand UBIT/UDFI – If the syndication uses leverage, your SDIRA might be subject to Unrelated Business Income Tax (UBIT) on the leveraged portion of the income.

I'm seeing growth with the STR market where I am at.

Both markets are a bit overpriced, considering  taxes and insurance are so expensive now.

My question is if we are marketing this as land, is more value added from the 2020 mobile home or the multiple utility hook ups?

Here are the key details:Property Type: 5-unit mixed-use building (2 retail, 3 residential)Asking Price: $5,200,000Building Size: 4,526 SFLot Size: 1,573 SFAir Rights: 4,939 SF availableLocation: Prime area, corner lot, close to public transportation and major attractionsFinancials:Total Annual Income: ~$359,305Net Operating Income (NOI): ~$278,686Existing Debt: $4.375M @ 4.28% (assumable, maturing 1/2031)Rent Roll:Retail tenants with leases extending through 2024Residential units are all 3-bed/2-bath, free-market, with luxury finishesI’m trying to figure out how to best analyze this deal and determine if it’s worth pursuing.

This is one of my target markets and type of assets.