West Ogden is among the most heavily stigmatized neighborhoods in the city, but is not nearly as bad as people think. 

This is why the bank's background check focuses so heavily on your credit and income  when getting a non owner occupied residential loan and they are rather loose looking into you when you buy a large commercial property. 

I would enter the house heavily armed and tell them that they had a choice.

I tend to rely heavily on option 1 since I don't have much capital.

It was a tough decision to commit to my local market with my duty station only having a population of 30,000 and being heavily dependent on the military. 99.99% was overpriced.

But I'm definitely leaning heavily towards renting for a while while doing my diligence.On my Sonoma property, highest and best use would be something light commercial like a tasting room.

@Clayton Crouse thats a very complicated question and givin the strict regulations on these types of transactions you should rely heavily on a good CPA who know this sector of the business and the laws that go along with it. 

Currently renting out the old primary residence at $1800/month with a cashflow (after mortgage, insurance, taxes, vacancy, maintenance, cap ex, etc.) of over $500/month; with the other two investments each pulling in between $250-350 a month.I also decided to make tennis my "full-time" job and pursue real estate more heavily as my career.

It will be interesting to see how home prices are impacted due to abandoned/condemned properties and entire neighborhoods around those heavily flooded areas.  

Some of the markets we are purchasing heavily are Parker, Castle Rock, Westminster, and Broomfield.