The attraction of potentially collecting all of the commission from future puchases doesn't change the duty to my seller first.

@Kurtis Eaton I have had all three types of income producing rentals, STR, single family LTR and Multi Fam.  

There could be winter activities nearby that attract people such as ice fishing, snowmobiling, etc.I also discovered they had variable rate pricing depending on which dates and if you stay 1 -3 nights or less in the high season, they limit stays to 1 week minimum, Friday to Friday, to minimize turnover costs, etc. 

The property was also in a great area, but needed quite a bit of work done to make it attractive to potential renters.

Top 5 Metros Attracting Renters From ElsewhereDenver:           48%Baltimore:       47%San Diego:       44%Tampa:            44%San Francisco:  44%And, the Not So Good Top 5 Metros: Where Renters Are Looking To LeaveOrlando:           50%Riverside, CA:   50%Detroit:            47%Chicago:           43%Charlotte, NC:   41%Source: Apartment ListSee more at: https://www.american-apartment-owners-association.org/property-management/latest-news/here-are-top-cities-where-renters-are-seeking-move/A little commentary...chasing demand isn't a recommended investment strategy. 

What's left is your cash flow.In my experience, most primary homes or new construction are not going to produce a good return.

I'm game...A snip-it from a post I did on this thread about investing in Wisconsin: Milwaukee is sitting on some of the most affordable housing in the country, is adjacent to one of the largest freshwater lakes in the world, has entertainment & food that rivals every major metro, it's sports teams bat way above average for a small market which attracts hundreds of thousands if not millions of people here annually, economic development has been happening at a level unprecedented since the '50s (we are breaking ground on the world's largest mass timber building in June), has a tech ecosystem on the ground floor of attracting major talents with partners from the fortune 500 companies in town... 

Also, the bank will give you a loan depending what will be built there so you will have to produce some plans.

I will say though that the building is currently occupied and producing those numbers for rent today, so nothing *needs* to be done upon purchase but should be done right away to avoid hassle down the road I think?

You now have an income-producing quad with none of your own money invested (except for closing costs).