I give 25% upside to home field advantage, meaning the property is local, I know the streets/neighbors, and I can see it touch it smell it any time of the day. 

Once again, if you ask 10 people for their investing criteria you'll get 10 answers, but over time you'll develop your own criteria based on what's a good deal for you in your particular market.

Newcomers and tourists worry about them all the time but in 170 years we’ve only had THREE category 3 hurricanes or greater hit Myrtle Beach.  

Although I have vacationed many times and love the area, any information on Pismo would be great--from a business perspective.Any other advice, tips or tricks are welcomed!!!! 

I have been listening to the bigger pockets podcasts for a very long time and have been in analysis paralysis for years.

So if they are leaning towards more protected, private credit type offerings, then you will have an easier time raising.  

It's really only relied upon in new construction and even then I would place more value on a discounted cash flow with assumptions for time to stabilize to market occupancy.

In Iowa, it is quick and cheap. 

I do my placements and turn them over at lease renewal time, but not many would want to do all the work.

Maintenance costs don’t usually decrease over the years, so if you go with landscaping that needs care, expect your costs to increase over time.