We've looked into some of the numbers regarding setting up a functioning field: Rental equipment, store/shop, compressed air supply, climate controlled storage for paintballs, liability insurance, staffing expenses, etc.

You as the buyer should be in control of decisions regarding the title company.

Reason for this as follows: You control the input and make sure it's real, you can also explore scenarios to see if the deal work, i.e. 220k sales price doesn't work, what if we sold at 230k, would that work (make sure to check market will support you explored changed variables)?

The debate going forward is continue using my own cash (in total control, no interest, can make more competitive offers to acquire properties, higher $ amount returns, no contractor draw requests/inspections to deal with throughout entire project) or turn to a HML who is going to cost me around 10-11% with 2-3 points interest only loan with no pre-payment penalties (much less cash out of pocket, high cash on cash % return, potentially do multiple projects at once). 

My understanding is climate controlled storage units are very favorable now, especially if you can find an empty building and put the units inside, use the old parking lot to build more outside storage units.

It doesn't matter what the seller is paying for payroll/phones/transportation/pest control/etc...

Like a large ship at sea though they require lots of time and sea room to turn and maneuver and when they sink it takes forever but you have absolutely no control over that sinking process.You lose some direct key benefits with REITs as well. 

The developer if you partner on the project will likely want total control.  

A- you don’t have rent control, so you can always raise the rent when the market turns.

I've been renting a house for awhile.. years actually.. and it has every problem you can think of.. mostly rats and bugs because theres holes and cracks in the doors and places in carpet where mice or rats been getting in and out. then guy raised my rent so i could get pest control but only does it like every 10 months. just say i found something better but the real question is this if i give my landlord a 30 day notice (im not on a lease) but the place im trying to move to might not actually be ready for maybe a week or two after the 30 day notice so in that time ill be homeless if i decided to move out after the 30 days..