And rent prices, and property prices, are rising at a rapid rate year to year (probably a big boost once Raiders start playing here).The company that bought my business have me under contract to continue running it until mid-2022.

@Anthony Paul Guglielmi Can you just start rehabbing some of the other parts of the basement that don't encroach on their storage first and let it play out from there?

Those numbers in particular(maybe I'm missing something) show that playing the long game can lead to greater profits.

Whatever you do, make sure ego doesn't play a part of it.

If you play games and screw over sellers I truly hope you get sued.

( that is good, definitely not down playing that!)

@David HulitI'll play devil's advocate a little bit here.

Now the pragmatic side of me says it isn't a great idea to only target a single subdivision unless you want to overpay, if I were you I'd broaden my search criteria.

This usually keeps the seller from playing games and you know upfront if that is the case.Try to move 20 calendar days to business days.It's doubtful the records check out at the cap rate you are saying.No legal advice given. 

I look at things from both sides of the coin because I'm playing both sides.speaking practically, your question doesn't have a right or wrong answer.