But if costs are high or demand is uncertain, holding onto the land while monitoring the market might be the better play.

If the latter, how does that look on a day to day in terms of operating, marketing, and the ownership structure?

Im working on getting another appraiser over there in hopes i can get mid to high 6's Maybe try a BPO - this will be cheaper but not as detailed and should give you a general idea of the market - its much more expensive and time consuming to get an appraiser if your going to do multiple of them.  

If a policy excludes wind coverage (more common in places like Florida where insurance is severely strained by weather and other market conditions) then all wind related events are excluded.In those cases, it's sometimes possible to purchase a wind policy (usually covers wind & hail) which would provide tornado protection.

I don't invest overseas, but I do invest in multiple markets across the U.S.

If you ever need insights on the Portland/surrounding markets or strategies for maximizing returns, feel free to reach out.

➡️Harness the power of branding and marketing.

Cleveland would be a great market for you.

Best if the people you work with are in your area and know your market. 

Hiring the right GC is key to getting the property market-ready efficiently.