Instead of saddling them with a $5M commercial property (for instance), you can turn that into 166k shares and divide them amongst your kids (who are in line to get a full step-up in basis when you pass away).Gotchas: The UPREIT is sometimes an option, and sometimes a mandate.

We use a YTD paystub and last year’s W-2(s) to calculate income several different ways:Hourly or salary income calculated to a monthly amountYTD income divided by number of YTD monthsYTD + W-2(s) income divided by the corresponding number of monthsIf these numbers vary too much, then we investigate and require an acceptable Letter of Explanation.Employment StabilityUnless an applicant has exceptional credit, we strive to determine their stability of employment to make sure they’ll always be able to pay the rent on time.

San Jose it's the first city where you can sell an ADU as separate property, not sure how the land value is divided up from main house. 

(And it also this a kick in the butt to find a financial planner, so I will be responsible and do that as well :))Return on Equity equation is adding up your returns (so actual cash flow and the gain on equity for one year) and divide that by your current equity.

Quote from @David Contreras: How difficult is dividing land that used to be separate, but is now a large lot as a result of a voluntary merger by the previous owner ? 

What they bought was a liability....maybe paying taxes, maybe paying HOA/POA dues, then dividing it between 10 kids when they die, so now really worth nothing, but a headache.#2. 

Then, divide this by your estimated nightly rate.For example, if monthly expenses are $3,000 and you estimate a $150/night rate, your breakeven occupancy rate would be around 20 nights per month (3,000 / 150), or 67%.

., $550 x 8 units x 12 months).Determine Cap Rate: Research similar multi-family properties in your area to find the typical cap rate.Estimate Value: Divide NOI by the cap rate.

Keeping it as one big space may set it apart from standard storage units, but you could also test demand with dividers for varied price points.

Not having divided attention will be a huge plus though!