For total returns cash flow+ equity SD is historically one of the best and partly explains why it has a higher values.

I would refinance into today’s historically low interest rates and put all that dead equity you have to work so that your net worth continues to grow as much as possible.

Storage occupancy rates during past recessions has remained relatively stableFor example, during a recession, when folks downsize from a 3 bed/1 bath to a 2 bed/1 bath, those people, historically, keep their belongings and put them in storage. 

Cathedral City has historically been poor at enforcing their ordinance and getting sound and parking issues in check (in my opinion) and is now getting a lot of pushback from locals, unclear as to whether they will start issuing new license again or not. 

The cap rates are low because historically the ROI has been outstanding.  

@Nick RutkowskiMortgage delinquency and default rates in Canada are historical less than 1% and 0.5% respectively.  

Here in st Louis a handful of people that remodel their homes actually keep the knob and tube to have more of the historic look but for a flip yeah replace.

Commissions and closing costs are obvious, but items like getting property ready to sell to get top dollar also has a cost.It is not real clear to me how long you lived in the property, but if you were to sell you may want to look into whether you could meet the 2 of 5 year occupancy requirement to alleviate the taxes from the gain.Los Angeles is historically one of the higher appreciation markets. 

Historically speaking, Consolidation Markets precede a Bull Market run.

The rents historically take time to catch up.