As far as what distinguishes a good block depends on your objective.

@Jay Hinrichs Is that similar to "Objects in mirror are closer than they appear." 

Either way it is good to have an objective, repeatable process that you can go back to again and again.  

Yeah Decatur properties are my main objective since the properties will be very close to me, maybe Champaign a good few years in the future.

We want to create a situation where money is no object so we can move around freely.  

As an appraiser you know that unusual financing terms can't really be justified in the market to a large degree, it becomes objective with individual opportunity costs, IMO.

Doesn't cost me anything, so no objection from me.

You need to buy right and that includes location, price, condition, and all of that has to bounce up against your long term objectives.

Chrysler has put forward a plan that gives the automaker’s secured creditors less favorable treatment than other kinds of creditors, and even Fiat, which, Dealscape points out, is not even a creditor at all.Some holders of Chrysler’s secured debt objected to their treatment in court, but the dissident group has fallen apart, and Chrysler’s plan appears to be going forward.The facts in the Yellowstone bankruptcy are unlike Chrysler’s, however.

Of course I would have an inspection contingency in the contract and I could also object to the entire thing, but is this typical for a wholesale deal?