And it maintains value on the balance sheet until it depreciates to zero (after which it still has actual residual value).

In light of the one ethnicity element, i sincerely advise that wherever and whoever it is, without question, know the community you are serving and understand how to establish and maintain a level of mutual respect.

What would you say the cost would be to setup and maintain this type of structure?

In the ten-year period beginning with Q2 2014, the South Bay submarket has experienced the greatest introduction of new inventory, 8.3 million square feet, amounting to 27.8% of all new competitive stock added to the market.Asking and Effective RentDuring May, asking rents built upon April's 0.2% decrease, declining by an additional 0.2% to $12.82.

With someone without experience I would recommend buying a well maintained small multi family home 2-4 units in a solid A-B area. 

Also, the properties they manage, I am told are typically not well maintained. 

Below are a few ideas to think about.Appraisal Concerns: Include a clause in the counteroffer to address any potential gap if the appraisal comes in lower than the offer price.Closing Costs: If the requested $10k seems high, propose a lower amount or adjust the sale price to cover some of these costs.Escrow Deposit: Counter with a higher deposit to ensure buyer commitment.Financing Contingency: Make sure there's a clause that protects you if the buyer’s financing falls through.VA Requirements: Understand and prepare for the specific requirements and inspections associated with VA loans.Professional Advice: Consult with a real estate agent or legal professional for tailored advice.Communication: Maintain open communication with the buyers for a smooth negotiation process.Best of luck with your sale,KC

That's possibly 40 fans you have to maintain and the chances of several a year needing replacement are very high. 

I have to hold and maintain that property for years.

But I never liked "work like crazy and drive a Flintstones car and reuse plastic bags until you have $2M, and then put the entire $2M into stocks and hope for the best."