I redid the master bathroom by removing the tub and putting in a standing shower with white granite looking tile, and a custom glass shower door.

Cap rate, per door price, gross rent multiplier.

That's the only way this would work for you and the seller unless a cash buyer comes along which is unlikely at $93k/door.

Kudos to him for doing it, but his rules and his dogmatic approach is also the same thing that made Open Door Capital a horrible venture because they skip over being pragmatic.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Taking the doors off of the rooms when the appraiser comes so that they aren't rooms.

This has opened up a lot of doors for our investors for the highest and best use. 

Quote from @Jordan Sachs: A dead tree from the property next door fell on the garage of one of my properties.

Our company manages about 500 doors throughout Southeastern WI.

If they're not familiar then it's your chance to get your foot in the door by bringing 1031 education to them.It's been a few years since I checked but at one time NAR showed statistics that of all the transactions potentially qualifying for 1031 exchanges, only about 10% were actually handled that way.