Many say they know how to underwrite them and get them funded, but few actually do.Your offer and terms for the buyer sound good, if he agrees to the terms.I'll state again, I'm not a big fan of a 6% cap rate unless there is SIGNIFICANT upside to be realized in the immediate future, and additional value over the long haul, but each investor sees a different intrinsic value in a deal.Keep me posted!

Why use all of your money if you don't have to. 

U-haul is a typo, there is a digit missing it should be $21k. 

All the best If you buy right, manage right in east cleveland versus san diego which would do better over a 15 year haul? 

But your experience with the biggest one will still be only as good as the regional or local rep assigned to you.Track record, references, demonstrated experience over the long haul, and personal fit with you will steer you to the right QI. 

I should have kept each of my cars a few more years than I did, but I got bored, and I wanted a new toy.  

Been toying with multifam deals outside my comfort zone back stateside. 

A toy that breaks even kid of thing but you have no control how you rent it.

I've had to haul them out and take a pressure washer just to clean them up.

All markets have both investment return elements and it maybe the investors expectations of time to account for the one that fits best, so not really a right or wrong deal vs what is more profitible over long hauls.