I want to transition out of my smaller, crappier, poorly built properties into better built properties in slightly better areas, and better buildings with proper parking lots, etc to attract better tenants.

This type of property can easily be converted to suit many needs, which makes financing them easier and also makes them more attractive to a wider variety of tenants.This type of building often has an office space component in addition to space for manufacturing.

I have seen this where rural communities had use less restrictive zoning in order to attract developers.

The area is very decent and the school distric is what I am attracted to, as my kids go to this school, and there are not to many houses for sale in this area.

I don’t know how they attract speakers.

Indeed, except in times of down cycles, the very attractive markets are historically somewhat over-valued under these fundamental analyses.I think we have room to run before I hit the sell button.    

@Dean @Dean Letfus  Thanks for your response.We haven't discussed Term and interest rate as of yet, he is waiting on my return call.What will be a reasonable offer to make this an attractive investment?

A fully paid off building would be very attractive to a lawyer whereas a property with a heavy mortgage would not be attractive.Your ideas, suggestions?

The ones that do poorly fail to attract enough money to stay open, or are closed when failure is acknowledged.  

Assuming you don't have any problems with them (because they are new, but they always do) and you don't have any vacancies (you always do) and your ability to get the asking rent (you probably would not), you are making about $70/month.Now, let's be realistic: 12%(one month) for vacancies, 10% for repairs and $50 less rent per month to attract renters fast (this builder probably sold a lot of homes to other investors) you are having the following expenses: $1,871.00 =  $186(12% of 1550) + $155 (10%) + $1,530.