@Andrew Edwards - Dude, you are sitting on a gold mine (actually your sitting "in" a gold mine).  

I find there's always a gold nuggets of information in each one and I go back to listen to a number of them multiple times.

Other passions of mine include precious metal investing, practicing Mixed Martial Arts, working with various charities, and anything that puts me on or near the water :)My goals and reasons for joining: I am the first to admit I know very little about land investing.

Exactly the same building right next to mine closed a day later and sold for $250k ....Anyway; look at my numbers below and read explanation ...PGI = 2470vacancy loss = 4% 100EGI = 2370property tax = 309.4homeowners ins = 156.6utilities(common/water)= 165repairs and maint = 10% 250NOI = 1489debt service: PI = 1101.6monthly PMI 253positive cashflow 134After 6 months of research and looking at properties in the Chicago area, it was the best I could get.

Acquia is an old client of mine!  

Because a 7 percent appreciation on your asset of 525k would be an additional 36k+ which could exceed any year of cash flow you get in another market.Let me know how it works out I am planning on selling mine next year when a lease is up.

A good friend of mine is in the Dayton area, and looking to move.

If your definition of C varies from mine (ie I wouldn't feel safe walking in myself) that number could vary to the point I might not touch it.

Overtown is a goldmine!

Some have reverse mortgages and others just own the houses out-right.I have no problem with the purchases, since the patients are have their full facilities (I wouldn't work with any of the Alzheimer's patients or dementia patients), but what land mines are there in this?