What drives me crazy (call me jealous if you want) are the people who just hand everything to their kids - there's a difference between giving someone a boost to climb up to the next level and buying them a helicopter and hiring a pilot so they can completely forego the climb and any hard work needed to make it to the top.  

Would let him know that any ethical-moral obligation I felt to let him retrieve his stuff from his mother's place went out the window when he opened up a meth lab in there and that he may retrieve his effects, under supervision, after he has reimbursed you for lost rent and the cost of rehabilitating the unit.

I agree with Ryan's approach of being balanced.Credit will allow for more growth and leverage which = more ProfitAnd, Cash lowers risk, makes banks feel good, and it also boosts your internal rate of return which makes your business strong.However, I go with carrying the note rather then rent because the financee takes the responsibilites and expense of the landlord as stated in the Warranty Deed.

I have to tell the sellers that the house will never appraise for what they are trying to sell the house at.The moral of the story is that [/b]if you don't pay to get into a house then you may have to pay to get out of it if the market goes down[b].

You will have some disagreement on the morality of this situation.

Then I found out I couldn't sign a contract anyway, but I had some kind of moral dellema also.

In other words, they're not part of the lease.If you are PROVIDING appliances, then letting a tenant go without a working refrigerator is inexcusable and I think that you do owe them (legally and morally) something for their trouble and your breech of the lease.

In addition, most of our acquisitions include large parking lots that are not needed for self-storage, so we have the ability to sell off outpads (sections of parking lot) to developers resulting in a boost to our IRR.Self-storage is quick, low cost and easy to manage.

It could be a nice boost in returns if you end up doing a live in flip or something like that!

Since NJ has highest property tax,  MCC would be great help on this purchase and boost some cash flow.