@Angel PengI have dealt with this in the past by first checking the lease, and if it is now month to month, I will give them notice that I am terminating the lease in, say, 60 days.

The only acceptable comps are ones closed with a loan in past three months, not cash.

Hey @Tony Thomas, I won't speak to the tax side (not a tax pro) but from a bookkeeping perspective, this will complicate your operations (and, bookkeeping as a result) quite a bit.So, ensure you have super powerful incentives from an REI-savvy attorney and an REI-savvy tax advisor prior to making this move.Some of our Clients have implemented this in the past (prior to working with us) and their businesses weren't large enough to justify the complications that come with this type of structure.Hope that helps!

I am hoping to connect with both investors as well as Real Estate agents in this area to understand the market better ( I have lived elsewhere for the past 10 years) as well as what areas may make most sense and with what strategy. 

The property is 20 mins from San Diego proper and 30 from the beach.

Been around for quite some time and have made runs trying to acquire a SS facility and also considered developing in the past but now feel like its time.

Coming out from the Advertising industry in the city for the past 10 years i'm now situated out east on the north fork of Long island and looking for make moves in this region in real estate.Looking to connect with likeminded people and start to grow a network and community around me.

From your past posts, as well as what work you've mentioned being comfortable taking on yourself, I think you definitely have the requisite knowledge to act as your own GC and sub out any work you don't feel like taking on yourself. 

In several California cities there is this concept of 'banked rent'; that is rent increases from past years that were not applied.

You mention market appreciation is good for a $100k home - throw away the last four years and what was the appreciation from 2012-2019 - that is what you should be looking at.I saw this with people in shenandoah va raving about how appreciation is awsome etc (during covid) - of course it was everywhere was appreciating, but now that we are back to a more normal economy -- I would not look at the past few years appreciation and look back to prior to see if it truly is an appreciating area.