Hey Chris, good to hear from you, thank you for your detailed opinion that you brought here, you made me think about it deeply and to compare markets, I'll do some homework this week :)@Chris Grenzig

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

Here's a detailed guide on how to screen applicants: Application Screening Guide

DM for details. 

@Johnny McKeon Thank you for providing the details that make this easier to think about and answer.

@Kevin SobiloThank you for your detailed response.

I don't have time to go to the law library or access to the legal data bases that have more detail than my searches have resulted.

Quick analysis yields a 16% cap rate, just wondering if anyone has experience with logistics In running these places, paying staff, rent collection, etc.

The amount of digital ink that is spilled on this site about LLC's and how to set up complex structures  by folks who can hardly be called investors is a bit maddening to me as it keeps folks from actually investing dues paralysis by analysis due to things that really do not mater a great deal.

It descibes the rules for reserving usage, exit strategies, and other very minute details.