So Supply and demand have really shifted quickly. 

There was quite a bit of unused land and the zoning gave me some flexibility if I wanted to expand various aspects of the property.Also the self storage units were all below market rent and the seller was willing to finance at a decent rate with a 5 year balloon.

Limited labor and resources : Unlike the catastrophic fires in Lahaina Hawaii there are significant resources in Los Angeles to contribute to recover, but quality contractors, tradesman, plumbers, electricians and laborers have long been in short supply.

Personally when I’m working on a project time is money and I don’t have the ability to wait around to get supplies.

., $300 for paint and supplies) and add a fair hourly rate for labor.

This imbalance intensifies buyer competition, driving up home prices as demand outstrips supply.2.

Have you sent your material list to a supply house to be quoted, have you arrived at a quote with your subs?

I am the boots on the ground and provide all of the time and my partners supply the money.

Your property manager should be supplying monthly reports and year end PnL reports that you give directly to your CPA. 

.--- Another lawsuit resulted from owner's contractor taking down basement handrail to get supplies down the steps, then they didn't put it back and tenant fell down the stairs.- We also negotiate a reasonable completion date, depending on the Scope Of Work (SOW). --- Who gets all the phone calls and wastes time calming a tenant down because the owner's contractor doesn't show up as scheduled after they took time off from work or a 3 day job takes 3 weeks?