With a cost segregation study, the depreciation was accelerated from $2,488 to over $1M in year one.Have you considered a cost segregation study for your medical office, multi-use property, storage-facility, office building, retail space, industrial site, car dealership, dentist office, winery, etc.?

@Joe Splitrock I think your suggestions are thoughtful, but I would be careful about assuming that she would be better off in a senior living facility or housing community.

Just with those basic daily tasks you are down to about 6 hours a day to  relax, poop, cook, shop, clean, spend time with friends and loved ones.   

DSTs are 1031-exchangeable funds that are open to accredited investors.For example, Cantor Fitzgerald will purchase a student housing facility at University of Alabama, and lever it 50%.

I am seeking to acquire a medium (50,000+ SF) value-add self storage facility in the following areas (in preferential order): 1) North Port 2) Port St.

Quote from @Dillon Cook: Are you working with an agent? 

I know some folks in Austin actively working on assisted living facilities.

@Paul V.If you don't mind me asking after Cook County and IL transfer taxes, title fees, realtor commissions (and HOA costs?)

We plan to add several other revenue streams, including renting out onsite storage that was previously included with units, covered parking, revenue gain from a new laundry facility (just completed), and adding amenities such as a grill patio and play structures.We project the IRR for a 5 year hold to be 23%, and a 10 year hold at 20%.

This means some of the housing previously exempt under Costa Hawkins will now be subject to the State’s rent control provisions.Owner-Occupied housing accommodations in which the tenant shares a bathroom or kitchen facilities with the owner who maintains principal residence with the residential real property;Owner-occupied duplex in which one of the units is the owner’s primary residence at the beginning of the tenancy and the owner continues in occupancy;Single-family homes and condominiums if the owner is not a real estate investment trust, a corporation, or a limited liability company in which at least one member is a corporation.