You'll need a CPA to calculate the potential impact this may have.I hope this helps clear things up!

There is a stats shared by community impact (local paper) comparing the two cities. 

However his business model is deferent as he rents to low income permanent type tenants, while I am on to luxury, short term vacation travelers and event planners.

They may be too busy to deal with it and then a week turns into a month, six months, and before you know it, they got used to having a bucket in the middle of their living room, it's a permanent fixture, and they empty the bucket every few days.I am speculating here, but perhaps your tenant is one of those. 

As it turns out, they seem to have decided that the front yard of my rental property is the proper place to take care of this and while the yard is big enough to accommodate the occasional "transgression", 12 cats generate a huge amount of waste - to the point where there is a permanent stench at my front door.  

The thing I hate about construction (yes, even our "manufactured homes" have construction, when they are moved to a new, permanent lot), there all so many unknowns, and things that change on the spot, no matter how much research is done.  

Also since this is a commercial property you may be able to get a commercial rehab loan assuming you have a permanent job.

I'm sure anyone else following would also be interested to hear how your meeting impacted your previous opinion/findings of their listings.  

I am currently at my height of frustration for exactly the same reason...I am being held hostage by Sherman Bridge as the have ignored me and made zero effort towards completing my permanent loan that is my refi and pays off my hard money rehab loan.

The returns are not super but are incredibly recession proof while also being hypersensitive to inflation so an upturn in the economy generally has a heightened impact on food/commodity prices which can boost your return quickly in the near term.