Sad, of course, for those of us trying to create Class A assets, but you can't argue with supply and demand--it's simply reality.

@Justin Thiesse  those work very well in the right spot and if you can build them efficiently. in some areas and I don't know yours.. but some developers went high end on the storage.kind of like building airplane hangers ( the best rental ever LOL)they built high end for those that have expesnive car habit want a shop to tinker.. need to park their million dollar motor home.. want to build a man cave away from the house..you should see what some folks do to their aircraft hangers.. there should be a reality show on that some pretty awesome ones I have been in.. our is just a hanger..

In reality the taxable income would be less than -$1,328 because there would also be amortization of fixed assets and probably some partnership-level fees such as an asset management fee. 

Yet.. the reality of it all... some brokers will still follow (how do I know?

It sounds like your Realtor is trying to give you a reality check on the market &/or feel you out.

I know when you buy a home it does not include the land in the sq. ft. figure, but the reality is you are getting the land as well as a garage (possibly).  

That's only $33/month if I start saving now, but in reality I will either sell the property by then (and collect the appreciation) or the house will be worth so much more I can pull that cash back out - that the tenant put in - and take nothing from my pocket. 

They would not be directly denying my solar panel installation but the reality is, I cannot install it with a wood shake roof. 

Unfortunate reality for lots of young people out there.

The three years ago "me" would've had a hard time believing my reality now if I told him.