I live on the other end of the spectrum in the suburbs of Chicago where entire homes cost the equivalent of your deeded parking spots.

Anyway, even when comparing to paying the equivalent amount of extra principal this strategy has advantages.

If you want cash flow now then you may have to consider purchasing a distressed property and using an FHA 203K or equivalent loan to update the property, have some equity, and cash flow the property. 

The SLLC sounds like the exact equivalent but with less cost and filing requirements.  

I am considering towing the equivalent of eviction in the event of non-payment or somebody parking there that isnt authorized.

Of course, folks simply choose to adopt it around the world to an increasing degree, and it goes on to replace the dollar as the world reserve currency or equivalent.

You don’t want to spend too much, but it needs to be equivalent to the neighborhood.

You basically are looking for the equivalent of a specialist in a small niche of commercial real estate, that isn't going to be easy to locate and might be expensive to engage.

It seems way above equivalent homes on the point.

From what I know, ownership works like shares and it can be broken down from 1/2 to 1/8, so turnover isn't as equivalent as a regular timeshare or Airbnbs.