Have a proforma for calculating your returns I can share as well.

But in their case, the lease was long enough and well-structured enough that the income and stability felt almost like a normal acquisition.In your scenario, the airport authority charging a rent based on a percentage of gross revenue isn’t unheard of, and from what I’ve read in The Economist, these ground lease structures can pop up in different forms.

I will also strongly encourage accessibility for pets as well. 

QB really is not made well for landlords and landlords leave QB every day for better software, payment processing is really expensive, and with QB there's no tenant portal for your tenants to schedule payments or push maintenance requests. 

I have my personal emergency fund stored away in a HYSA, and am working to build up a15k property reserve as well, but am conflicted on where to keep that 15k. 

Even if you only averaged 2.8% appreciation annually, which if you've had it 20 years I have no clue how that's true given prices have well more than doubled in that time, youre skipping over the fact that you have been benefiting from that appreciation on the ENTIRE house, not just the % you paid for.  

The possibility of vacancy would also grearly impact the cash flow as well.

But, we do have them and we are an extremely well-run company. 

There are many who will argue my methods and that's fine, it's worked very well for me and has been extremely rewarding in ways that cannot be compensated monetarily. 

Well, they are very efficient.