This process has been very painful.

I’ve been experimenting with the same modest bump and adding an addendum that the tenant agrees that a steam cleaning of carpets and professional deep clean will automatically be charged to the security upon exit.Less painful for them then coming up with the money, usually (!)

It was a pain, particularly because I was just getting started when COVID hit, but once I got my systems down, I discovered it really doesn't take nearly as much work as residential rentals.That same owner asked me to help him find more storage units to buy.

My goal is to focus on sharing the mistakes and solutions I've found (when I found solutions) hoping to save some of you the pain...

It is a little bit of a pain, but, doable.

They're a pain when one wants to carry grocery bags inside.

And while I bet this could be remediated by putting in a special allocation provision to the partnership, doing so would be painful to explain and probably not meet economic substance standards.Another reason to "delay" implementing CSS: NOLs are currently limited (well, not for the moment b/c of CARES Act).

It just pains me to put so much money into rent, but to your point, Lane, maybe the money saved from our large downpayment on this townhome, can go towards a cash flow positive property... 

From what I read, you have not yet quite reached your pain point.

I feel your pain with trying to afford something in your local area.