Are there any investors or real estate agents who can provide their thoughts on the area?

Not every skip tracing company is set up to accurately provide that information and/or charges extra to do so.

They might offer alternatives like real estate investment trusts (REITs) or crowdfunding, providing a kind of indirect link to real estate.

It's calculated by dividing the NOI by the property value.While cap rates provide a quick valuation metric, they don't account for future income streams.

With no disrespect intended to BP, most of the folks I run into who use the various calculators provided here have NO real understanding of how to analyze an actual deal.Much in the way one can't become a Jedi without building a lightsaber, you won't become a confident and complete real estate investor until you can build your own analysis spreadsheet.

This is after spending a lot of money to provide the appropriate paperwork and drawings to the City in hopes of a zoning change.I believe Milneburg is part of an HOA.

You provide capital and are totally passive. 

Activities such as appealing assessed values, shopping for cheaper utility providers, shopping for cheaper insurance, or even energy efficiency upgrades are all on the table.

They can provide tailored advice based on your specific financial and tax situation, helping you navigate the potential benefits and pitfalls of using your AIO loan for home improvement purposes.Regards,KC 

See if you can talk to the utility provider to get an estimate for the last 2-5 years of usage for the building.