Looking my insurance policy it mentions that I can opt for settlement under Actual Cash Value vs Replacement Cost. 

As it relates to lease end dates I've seen two things work here. 1) You can stagger end dates as mentioned above or 2) you can optimize for summer - this works better for us in areas where you see students or families with school age children moving to align with the summmer months.Separately, this is a great argument against month-to-month leases.  

I have already thought about the point you mentioned about some prospective tenants not being fond of the fact that both floors aren't available but until I get back to AZ which could be awhile I need it for storage.  

The least important this you mentioned, was the word "cute". 

The market where the warehouse is is 25 minutes from the previously mentioned area and has a popluation of 4500 people.

@Jerry Tello I should have mentioned the laws and how they affect your returns vary tremendously from state to state, and sometimes county to county.

I should mention that I am looking as SMF investing, 2-4 units.

And not to mention no stock matches the dividend rate one can get in real estate with such low risk/volatility. 20yrs ownership, oh-yeah, cash-flow on renting it would be HUGE now so it's easily comparable to a 20%+ monthly dividend, if not more.

Maybe you already have it, but I didn’t see it mentioned.

@Robert Ellis Since you mentioned panels, have you looked into SIPs at all for your builds?