Thanks for the input everyone, I have reconsidered my position on this deal.

I can go over what we have done and why as well as going over the different tax impacts (not an impact on taxes so much as on the type of return you might or might not have.) 

There are 4 retail spaces also that are being very underutilized This is a 50 unit building with 4 retail spacesI know there is value add and plan is to flip in 1-2 years but need to have positive cash flow from the get go and it seems to be doing that before I do any work.

The positive is that a good skip tracing company can conduct your searches with an outdated mailing address.

What percentage of income is generally positive cash flow?

Discontent in the household will negatively impact all.

Just curious what kind of jobs and positions are out there!

I am confident that we will find the right developer, investment group or cultivation company to fully benefit from the uniquely advantageous position this land holds.

I'm not an economist or specialist in this field, but as an investor and realtor, i don't think this would have any immediate impact on the property values.

As you have probably heard that the location is very important.With multifamily (apartments) starting out with a positive cash flow is one of the most important.