Doesn't seem like it's a great "hold" on the short term but I do think it would appreciate and would increase in cashflow with how you described it and the layout.

Show pictures of the deals you’ve done and describe what you did, like “bought for $X, spent $X fixing it up and sold for $X” or “spent $X and increased rents by $X”.

The way you described this, the smoking situation is also likely a curable violation and would require opportunity to cure pursuant to your state laws.In the meantime, give a notice of non-renewal according to your state laws and lease agreement. 

If "experts" use this greater than 3-4% historical average in their argument, then I will use those same major locations when describing the magnitude of their losses during recessions as they do with the stock market.

The type of deed only describes the sellers responsibility and guarantees to you if there is a title problem.

Real estate is often described as a 3 legged stool... with cash flow, appreciation, and mortgage pay-down all acting as legs that let you build your wealth.Plenty of people will say, equity plays are fine... and they can be.... but they come with higher risks than a property that cash-flows where you have extra income every month to help pay the bills.  

Title (a deed) doesn't even describe the improvements.  

Here's a guide that describes what good cash flow looks like and how to analyze a property.https://www.biggerpockets.com/blog/rental-property-cash-flow...

Some are newer businesses and some are described as “growing” (meaning to me, will they need more space at renewal and move?).  

Here is what the offering circular with the sec says:Important terms of the Notes include the following, each of which is described in detail in this Offering Circular: •The Notes are unsecured, general recourse obligations of the Company that will be repaid from the Company’s working capital.