And I'm getting a first right of refusal on an A+ building in an A+ location that he currently owns.Is there anything I'm missing or does anyone have any thoughts on issues they see with my deal structure? 

I know this is a loaded question, but does anyone have any estimates or good resources to look up what part of the real estate cycle my area is in. We all know we are at the high end of the cycle as a country. However...

I'm new and located in norfolk Virginia.

I've got two parcels  (.37 of an acre total) centrally located in the pedestrian area of a small but growing town in Southern Oregon. 

I am just waiting to get the room built for placement and they will come back and move the location of it from under the house.  

I have never been to Minnesota so I cannot make any geographical statements. 

Assuming you don't care about location... they're in KC metro (on the outskirts).

Free Market principles suggest that if there is vacuum like that isolated in a particular geographical area, investors are already taking advantage of that to fill in the void.

I haven't done extensive target area research yet, but I'm currently located in Monmouth county and was hoping to get starting in the North/Central Jersey region.

Care to share where your out of state investments will be located?