It sounds like you'll be improving on top of a ground lease issued by the municipality. 

Thanks Nicholas - the funding isn't really the main issue, as I could really pay cash if I wanted to.

Be careful with the foundations, the soil is sandier so it's common for shifting to occur which will affect the plumbing. 

I guess the thing these three cities have in common is they are further out than many investors want to go, so you get some advantage there (i.e. less competition) and also some disadvantage (i.e.

@Dwayne Clarke going to take an educated guess that what you were cautioned about is buying someone else's problem.Over the last couple of years, many OOS investors bought a bunch of SFR and MFR properties with LITTLE due diligence.Many were sold Class C & D properties that they thought, or expected to perform like, were Class A or B.Once they figured out what the properties really were - via tenant nonperformance and never-ending maintenance issues, they looked to sell them.If you know what you are doing, their loss can be your gain.If you are new and do NOT know what you are doing, then you'll just be the next "sucker" that gets taken.

These types of things are becoming more and more common in cities throughout the United States.

Monthly New Job market numbers are initially released high and revised down a few months later to camouflage the issue.

They have picked the best companies to integrate with and we haven't had any issues! 

I recall asking previously and they refused to provide it because of privacy issues.

How many units, how big is the damage, any casualties, are other units and common areas affected, do you have contact with the tenants, whats their status etcI understand your frustration, but there is not much you could or should do physically in person anyways.