You’ve got a sizable asset with stable tenants, but the monthly overhead is making it feel heavier than it should.

In that case I write off the lost rent as cost of doing business, but I prefer that to the expense and hassle of an eviction, which typically ends up costing us more and takes longer, even though Milwaukee is still pretty landlord-friendly.I have also done cash for keys, but typically very conditional. 

As long as the property generates enough cash flow, you may qualify based on the asset alone.Another route is to explore portfolio loans from local banks or credit unions.

If you prefer to be hands-off with full-service management, then I'd plan on paying around 20% commission as that's pretty common.

You don't necessarily need to replace it with exactly $140k in debt, as long as the total purchase price meets or exceeds your sale price and all the proceeds are reinvested.Using Proceeds as a Down PaymentYes, your $300k could absolutely serve as a down payment on a larger property, like a $1.5M asset, depending on your financing.

And where you'll see cap rates go up is in the older assets and smaller markets.

cash in hand or money in the form of an asset. if I sell i would have money in my bank ready for any deal. what do you think.

I prefer a balance between cash flow and capital appreciation.  

Looking to get into flipping projects preferably in the western suburbs

I love the concept especially given the need in your market for storing things like snow machines, boats, rvs etc, but also for repair or general "fab shops".As long as you are seeing the demand in your specific market for these spaces, and perhaps its worth getting some leases signed up prior to breaking ground but thats a personal preference thing, I think the numbers look promising if the use case is there.