Quote from @April Tsotsos: The best time to plant a tree was 20 years ago.

For example I have a property with a flat roof that suffered hail damage.

Curious if this resilience of the Self Storage asset class can be translated to other assets like Single Family Rentals (SFR) and Multi Family Rentals (MFR) or is this resilience only for Self Storage and in the case of recession, SFR and MFR suffer? 

Plants paint building etc

For e.g. if there your tenants get laid off or your sub-market suffers from employment issues, your rental income will go down, your NOI and hence, property value will go down.In the case of a lender-driven downturn, especially in a particular sub-market, where the credit markets freeze up (even for a short period of time), again your property will suffer (regardless of how great of a cash flow machine it is).

I have had buyers ask to either include or buy plants, furniture, lawn mower/lawn equipment.You can ask for a new kitchen and bathroom, HVAC, etc.  

Of course, at tax time, after depreciation and the losses, I do get the benefit from Uncle Sam.I no longer live in the area and the two properties I purchased this past year are in my new home town…not a booming market, but a growing, rural economy, with housing price escalating quickly with local factories and processing plants expanding; although this might be short-lived as we know rural areas can do..What I’m considering is selling the two Phoenix properties, either on a 1031 exchange or via a Deferred Sales Trust arrangement and putting the proceeds into a few smaller houses closer to my current area.So, the facts: -Both homes are still under the value I paid for them-Both homes have negative cash flow, cap rates hovering around 2 – 2.5%-I’ve taken significant heloc or refinance out of each to buy other properties, but have in the ballpark of $120 - 140K equity/profit after selling (both)-I never plan on much appreciation, but the Phoenix housing market should be adding 4% annual today.I keep telling myself that it makes sense to sell these, get out from under the large debt and negative cash flow and put the funds into multiple smaller places that will cash flow, but may not appreciate as much.

He eventually sold the property but it took longer than he hoped for (in part because he needed to get top dollar) and therefore had higher holding costs than anticipated.I suspect he suffered a small loss on this investment (maybe he broke even) in terms of financial but when you add in all the effort exerted and lost opportunities the loss was more substantial.So determine early what limits there are due to other regulations (setbacks, parking, etc.) before investing significant time and money.Good luck

Hence, you could have the greatest income producing asset but if your comps are not good, your property will suffer from lower valuation. 

further Thomas... as all i do is value add... but we have to determine which areas to value add.you don't want to value add in the hood... or like Morris invest version of value add.so one little tale is how i found Charleston SC 5 years ago.. market was rebounding but not there yet.. was not a cash flow market so to speak with returns in the 4 to 5% range.. but did not take to much brain power to realize that Boieng moving the 787 to Charleston and investing a billion dollars.and looking at long range growth Volvo building a plant  Mercedes building plant  etc etc.. we could deduce that there would be in migration.. so i started buying lots.. now lots don't cash flow they are inventory to build houses.on one street..