You mentioned there are multiple parcels, is this just a coincidence or historically are similar parcels available? 

If you go in that direction, I highly recommend speaking with multiple franchisees from each brand before making a final decision.

Multiple new accounts with almost 0 posts are saying they are good....RUN 

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

So it serves multiple purposes and I would strongly encourage it

If you are talking about investments of multiple 6+ figures that will be tied up for years then you may want to have your own. 

Curious to hear the good, the bad and the ugly from multiple perspectives. 

I've already had to turn multiple people away after running their credit reports, so I can already see that it's not going to be financially feasible for me to be covering the fees myself.

We see so many prospects who have been told by Youtube or mastermind gurus that multiple LLCs in three different states is beneficial when in reality the costs of upkeep hit the bottom line harder than any benefit.

Real estate's "gross rent multiplier" is Wall Street's "sales to revenue",  "cap rate" is roughly "P/E ratio".When evaluating markets and investments I tend to start with GRM (or lazily the 1% rule), then attempt to return a cap rate based on assumptions about costs, then I work my way to multiple years of projections (assumptions about inflation, amortization, tax benefits, etc), and if I am partnering with one of my smart friends I have to pull up an IRR (internal rate of return).I also look at regional employment levels, median income to rent ratio in the zip code etc.