Clearly identified and sold as 4288sqft.

With that in mind, I suggest digging deeper by studying the neighborhoods within the city to identify the areas with the most opportunity!

If it is weak suburban to rural and limited growth patterns over the last decade then value can be more limited to existing structure there and rent being paid by Dollar General.If condition report shows roof is reaching it's useful life limits and parking lot is worn down then you would need to negotiate a credit from the seller that you can hold in a reserve account post closing.

But for the good of the group, The 200% rule is about how you identify potential replacements. 

The secret sauce is the deal.As you've identified, working through deal finders and partnering up are great ways to get going.

You'd want to black out certain personally identifying details like the property owner and the assignor's names and maybe the address of the property.   

When scouting for deals, what factors are you looking at to identify if it is a good area to invest?

If you can join the board I would do that and see what concerns people have about rentals and identify if you can provide any facts to overcome it and lobby for more rentals.

Once I have a few markets identified, I will call property managers in all those markets to interview.

@Pete, no, I haven't studied the housing crisis and identifying a trend from past events.