If you have a commercial residential property (>4 units), the value is based on NOI.   

Speak with Andrew Weiner at Realty Now Property Management. 

Where do I find the stats/analytics to compare if it would be more profitable to buy storage units/qualdruplex/residential, for example.

I would get legal advise from a lawyer who specializes in residential dupage evictions.

I will create 6 residential lots that I will be able to sell off and then, ideally, own the remaining property free and clear or close to.

Quote from @Zachary Engen: You'll want to chat with Anthony Wong (AJ) with fathom realty.

We are a four partner Real Estate Investment Indiana LLC, owning Indiana residential properties, 1-3 units, all partners live in California.

If you're thinking about auctions in other areas like Phoenix, San Diego or Austin, I've built a strong network over the years and could introduce you to some folks who've been down that road.Pat and JasperTurning investment visions into REALITY in Phoenix, AZ - Ranked #1 for residential real estate growth and opportunity by PwC

For other depreciation: When placing a property in service late in the year, depreciation is prorated based on the mid-month convention for residential rentals.

If you're accredited start researching potential syndicated deals- Some you can get in for as little as $50K; muitifamily, storage facilities, Residential Assisted Living.....