We were able to improve the zoning which immediately brought a huge value increase, as well as having the legal water rights.

Then I would do some quick cosmetic improvements, rent the other office, and turn around and SELL the whole building, advertising it as 100% occupied with a nice big cap rate and 5+ years to go on the leases.

@Blake Edwards I don't care if they fund control , I just want the money for improvements, and acquisition of other properties. 

Investors and companies buy other companies (or properties), improve operations, and then leverage that business to buy and repeat. 

He screens tenants in a very clever efficient manner. 

It is difficult to have an efficient system at the beginning but if you have agents that you can trust and they deliver a good service, I believe it will be worth it.

Any advice on prospective zones improving and growing???

Hey all, wanted to share with everyone my experience purchasing my first multi-family and maybe help some people and also get some tips on how to improve the process going forward.

A good mastermind group- with several people that have a call in every few weeks to discuss issues with the facilitator, and then they meet up several times a year to do work in person would be a solid improvement to this segment of the business.

My strategy would be to let it cash flow initially for the next couple of years, and then if the area keeps developing, determine if its worth making substantial improvements to raise the rents significantly.There are definitely some risks with this property: many tenants are on short term leases; and there is the risk that the immediate surrounding area does not continue developing as it has over the past couple of years.