I would consider this option only if I were truly at the end of my investing life and seeking to create an annuity-like income stream through a simpler and more consistent vehicle, saying putting it all in IVV and withdrawing a flat percentage every month. 

Therefore I am looking at this as an opportunity to capture the vehicles now pulling off the freeway as an advantage. 

Maybe I'm not seeing the complete picture, but why would anyone buy these multifamily properties just to break even or just make a 3% return and not invest in another vehicle? 

Take a look at Reno, it's is a solid area for rentals because of the limited new construction, tech and manufacturing jobs moving to the area (Tesla, Apple, Switch etc.) along with the lithium loop of mining and recycling to manufacturing batteries and vehicles.  

Am I allowed to ask for a tenants vehicle information to add to their file?

I especially liked what you said about comparing real estate to other investment vehicles.

BFR will replace scatter-site SFR as the preferred vehicle for owning SFR.Yes.

Is this your only retirement vehicle?

@Michael Ablan  You would call E.M.S. then pack all their stuff up and leave it in their vehicle after the ambulance and police are gone. 

Generally speaking, sales of assets such as equipment, buildings, vehicles and furniture will be taxed at ordinary income tax rates, while intangible assets such as goodwill or intellectual property will be taxed at capital gains rates.