Would you mind to criticize it and give me some hits as of why it is not converting well?

I am a broker from northern CT. 

I'm a little worried that I will be hit with a giant tax bill at sale given this area (Durham, NC) is rapidly increasing in popularity and thus cost.   

I will be working in North Olmsted near Great Northern Mall soon for a new job.  

@Art MaydanI was originally pre-approved for about the same amount but ended up closing (TODAY) on a 4 flat (legal 3) in Lincoln Square that hit the FHA loan limit and all because the property had such strong market rent.

Generally I would say you want older Cities which means most will be East of the Mississippi and probably in the northern part of the US.

we will definitely be hitting up the website for new deals. 

Thanks for the input, I know repairs will all probably hit me at once, but do you think there's ever enough saved up where you think its enough of a nest egg to cover the worst scenario?

For example, if your total construction costs (land, soft+hard costs, etc) is $150/sqft and you can sell your house for $200/sqft, then you make $50/sqft regardless of whether you build 1500sqft or 2000sqft.But what I have to assume is that at some point, the payoff is no longer linear and I'll begin to hit diminishing returns.

Looking to buy or lease warehouse in Northern Colorado.