Anybody local in AZ up on this?

Hey @Chris Magistrado - I'm local in Tokyo, Japan - been here about 10 years. 

Obviously, I don't know anything about your finances, so for all I know, you may have a few million in the bank, and this project is just a fun experiment that wouldn't even be a drop in the bucket if it all turns south...but, regardless, you'll want to model out what would happen if this project crashes and burns...As you may know, managing a rental in a D to F area (or even a C area) is usually not recommended (for many reasons), and funding a rehab with credit cards is also usually not recommended (again, for many reasons). ...even highly experienced investors often won't touch anything lower than C grade because of all the difficulties of managing and re-selling them...If you're dead set on rehabbing the place and keeping it, I'd strongly suggest studying up thoroughly on the local rental market and tenant pool (e.g.; rent medians and lower and upper bounds, typical days on market before securing a tenant, local vacancy rates, tenants' typical income, education level, employment opportunities, credit, and rental history).

Hi Rohit, I am a local Investor & Realtor in Mcallen TX, I own a few rentals myself and usually have no problem getting them leased within 30 days.

There are no residential properties on the road that is getting removed but it was a road people used especially locals to get access to my site and shopping center.

PROPERTY MANAGER (call local RE brokerages and ask for some recommendations)3.

@Adam Bartomeo yes we figured out builders risk from a local company. locked our lender down as well. 

As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!

I am curious to hear the comments from the local real estate community too.

Ugh.Prop management in my area is 8 -10% Plus half of the first months rent.I'd get some firm numbers from locals on prop management and if there is a wait list for him to be able to rent it.