Agreed, I definitely don't want to lose them, but my location is growing, and I also know they wouldn't reach out to me to have them increase their rent when they add more equipment, in a neighborhood I know is growing.Can you tell me more about that Cap Rate component?

I started a waste and recycling equipment repair company and have been traveling the country maintaining shredding equipment.

go with an equipment leasing company or hard money, easiest route, banks just aren't used to storage containers

Give it a little more time and research, you'll find a solution somehow to get that equity.The problem with completely renovated houses is that they are not equipped with ADA, then you have to re-do them.

I assume that any contractors are responsible for bringing their tools and equipment home at the end of the work day, but the uninstalled fixtures and stuff may be tough.

I have never done it before, but after watching a few hours of youtube videos, I feel like I could do it, and all the rental equipment would probably be 500-1000 for the whole project.

Didn't read all of it.Business brokerage is only the business.When you have a building you own and the business the value is different than buying just a business with the lease structure and rent increases.The appraiser will value it as if a lender had to take the property back the bank is NOT going to manage it themselves.A small percentage of buyers might but not a majority.So the bank underwriting the loan is going to plan for the most probable set of circumstances and be on the safe side with their assessments.If you want to do some owner finance with money down to replace your income with a cash out at a later date that might be possible.Many deals are happening that way.Lending standards on businesses have tightened up leading to owner finance and this is also with real estate property as well.Not many want to put down the cash or meet the requirements the banks are dishing out.So I hear your arguments but the people lending the money for the buyer will not care.If you want higher money go owner finance (within reason) but if you want it all now expect a much lower price.With businesses it comes down to how old the equipment is,is the business seasonal (the owner is showing strong books for half the current year and then sales plummet),is the lease fixing to rise,are the streets fixing to be reconfigured to reduce traffic flow,is nearby new businesses reducing returns,etc.

Determine the usable life expectancy of all major systems/equipment.  

The part that really bothered me the most was the high end furniture and the plasma tv on the wall, and all the high end stereo equipment.

It depends on what type of equipment and land improvements it has, so it could vary quite a bit.As for not having to declare that equity as taxable - you may want to investigate that further.