Thanks in advance for your local perspective!

Hope this is a good read for you and that you share your perspective with those of us who are still learning.Thanks in advance and Cheers

Can anyone bring some perspective to that point?

If that's really what you want to do, be careful of a potential loss of total property value from a retail perspective. 

Dadi for a bit of background, I'm a RE investor, and I have a long background in doctoral-level statistics and data analysis.Here's the issue from my perspective: most data that's relevant to REI (e.g.; employment trends, appreciation/depreciation history, housing supply, etc.) is relatively macro (it often covers at least an entire metro area), but real estate is hyper local. 

The incoming tenant will agree to either option but I need to figure out what is best for me from a tax and future income perspective.

@Adam Allen from a different perspective, what other options are available with your 85-100k of potential investment? 

I think @Ricky A. answered most of your questions, but I'll add a few details from my perspective as a WNC investor and RE Agent. 

@Ryan Pritchard - Whenever I am looking for a professional service, I like to try and align myself with someone who invests in real estate so they will know the investor perspective.  

Leverage is lower for existing acquisitions but leverage has always been lower for development, so from that perspective it hasn't changed too much.