Also - presuming you paid more for the property than was owed on the mortgage due to competition on the auction (several presumptions there) - the previous owners are entitled to those excess funds from the court - which gives them a resource to be able to afford our rental rates. 

So I knew that once rates went up most commercial props would drop in value or go flat.

Reno has geographic constraints to building that is squeezing supply driving the appreciation vs Vegas where there is still room to build on flat land.  

Will not be a flat roof.

So then the house is 10% owned by The Person, and 90% owned by The LLC (income and expenses shared accordingly).Now this year say I want to take the same percentage (10%) - and say it's a flat market and the house is still appraised at $500,000.  

If you read my posts regarding San Diego Covid eviction moratorium, I forecast a rising rent in excess of the already very high rent growth.  

A percentage for maintenance/capex is stupid and inaccurate. you put a flat $75/month for what reason? 

Sometimes they include annual increases and sometimes they are flat for extended periods of time so it is very important to understand how the base rent is structured prior to buying a deal.4.

Population growth is expected to be flat over the next few years, potentially constraining household formation and storage demand.Market OutlookThe Los Angeles self-storage market is projected to improve gradually over the next few years:- Vacancy rates are forecast to decline from 11.6% in 2023 to 10.5% by the end of 2024 and further to 9.4% in 2025.- Asking rents are expected to grow by 1.0% in 2025 and 1.2% in 2026, a turnaround from the slight decline projected for 2024.- New supply is expected to moderate, with inventory growth slowing from 5.4% in 2024 to just 0.5% in 2025.While the market faces near-term headwinds from slow economic and population growth, the moderation in new supply and gradual absorption of existing inventory should support improved market fundamentals over the next 2-3 years.

Does Hilton rent them out and you receive a certain percentage or a flat fee?