I just came back from a business trip at Wharton school of business at UPenn University.The instructors one had built 50 centers from the ground up and another had developed over 40 million sq ft of retail in their career.

Also keep in mind that if the basement is below grade it won't meet minimum standards of fitness for human habitation:"No room or area in a dwelling may be used for habitation if more than 1⁄2 of its floor-to-ceiling height is below the average grade of the adjoining ground and is subject to chronic dampness."

Should I bump it any or hold my ground.

I would agree that investing in MPH's out of state is difficult and requires a rock solid team on the ground.

You may need to do a better job with the Buy and/or Rehab phases of the process.

So my question is what type of financing will I need since it isn't a typical home purchase, it's now just flat land so technically would be a new construction project from ground up. 

Don't get me wrong, each market brings pros and cons, however I would rather invest in a sub par market with a stellar operator on the ground than a prime market with a sub par operator.

I'm still in the researching phase and I am a disabled veteran over 30%.

Key thing is to make sure the property is zoned for what you want to do with it. another thing to remember is that any space below ground level turned into a bedroom needs an egress window out of it and probably an escape window well.

So my question is what type of financing will I need since it isn't a typical home purchase, it's now just flat land so technically would be a new construction project from ground up.