It is a long game but very rewarding. 3.

Historically, since 1972, the S&P 500 index has an annualized average return of 10.7%, and that includes the tech bubble burst of early 2000s, the "lost decade" that followed, the housing crash of 2009-2011, and numerous other dips, fits, and hiccups. 

Airport noise has been reduced over the years but with 3 airports (Lindberg, Miramar, North Island) that regularly handle larger/louder planes and numerous other smaller(?)

But risk is reward.

That seems like a lot of work with little reward for $120.00 a month.  

I work with numerous lenders, both banks and private/hard money - and it is all over the map who is doing what. 

That is a risk/reward question that you will have to assess. 

While I've had the opportunity to do a ground up build several times, it doesn't make sense as there isn't the demand to balance the risk-reward ratio in our favor.

More work but more reward.

We then reverse the transaction (which can take numerous days) and remarket the property, meanwhile our interested Buyers many times have moved on.