They will have to manage whatever you buy on a daily basis until you sell the property or terminate them.

That was my the basis of my original question, to move out of tax deferred account and into Roth.  

1) Capital improvement can be added to to original cost basis thus would reduce your tax paid on capital gain had you decide to sell it later.

He and I have discussed on several occasions that fact that current CSLB wording  that limits handymen $500 per project is the maximum for both materials AND labor per project and that that would be the basis for fairness sake especially since I give him the project but still end up helping alot anyways.   

It's also a good idea to randomly call to see how responsive they are on a regular basis not when they are trying to get your business. 

@Chantel Gaaskjolen, if I'm letting a lease continue on a month-to-month basis with only a rent adjustment, I will use an addendum.

We're also able to evaluate our rates, and keep pace with inflation, on a monthly and quarterly basis because of shorter term leases.Now we syndicate larger self-storage deals and work with passive investors.

In my book, when you use questionable marketing practices and half-truths on a systematic basis, pretend that you have the interest of the buyer's at heart when in reality you get your pay from and therefore have your interests aligned with those of the developer (and only mention it in the small print that nobody sees because you legally have to), you can't be trusted on anything.Again, I hate to be the party pooper and I hope you'll do as well as you can but I think it not sharing this would be a disservice to the BP community.

I've heard that one should add 10 basis points per year to the purchase cap rate to derive a reversion cap rate.

I assist clients in figuring out methods to finance real estate, and house hacking is my bread and butter.Something i've done personally and continue to help new inspiring investors do every day.