Determine amount from monthly rent to be applied toward the purchase price of the house ($100 to $150.00 each month) should he exercise his option to buy.4.

They are physically located in California, no getting around that. 3) Rental income (any left over after non cash deductions) would not be subject to 15% self-employment income -- which is the main benefit of rental properties.

I'm looking for an experienced self-storage investor to present to the group on 1/23 @ 7pm PST, either physically or via conference line. 

I think this exercise will be a good learning tool for many of us.

@Steven SegalYour real "leverage" is when the next landlord calls you up for a reference.Just remind them that the rent has to be paid on time and to expect a walk through inspection based on the terms from their lease agreement.Assuming these apply, remind them:Security is to be kept in a special escrow account and not to be used by the landlord for physical or financial damages until after the tenant has "vacated" the property.Failure to pay rent will result in the destruction of their credit rating.And if they still refuse, let them know that they will be responsible for any late fees, collection costs and attorney fees from any legal action to get the rent due per the lease...The quicker they vacate and you get to inspect the property, the quicker they'll get their security deposit back.

I was more aiming towards the Diligent steps your taking to assess the property your interested in don't hold any unseen catch Physically / legally 

I have my eyes on a 23 unit in PA.While I haven't seen it physically yet, the provided proforma looks good.  

I fear finding a contractor may be an exercise in frustration. 

So I went and physically walked the complex and I think it is C- also what ended up killing the deal is the HOA fees.  

It outlaws: Refusal to sell or rent a dwelling to any person because of race, color, religion, sex, familial status, or national origin.Discrimination based on race, color, religion, sex, familial status, or national origin in the terms, conditions or privileges of sale or rental of a dwelling.Advertising the sale or rental of a dwelling indicating preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.Coercing, threatening, intimidating, or interfering with a person's enjoyment or exercise of housing rights based on discriminatory reasons or retaliating against a person or organization that aids or encourages the exercise or enjoyment of fair housing rights.