Also, thanks Steve, I'm glad some people agree with this required license being too excessive.

Second, I know the tenant doesn't have excess funds as they are still dealing with the effects of hospitals, drs, etc.

Quote from @Kent Smith: I have read several threads on thisYour rent income will be erased down to zero by your deductions, so you do not owe more taxes.Also, you do not owe less, because you cannot go below zero.Good news: the excess loss is not wasted.

If your losses exceed your gains, you have a net capital loss for the year.Offsetting Other Income: If your net capital losses exceed your capital gains, you can use the excess losses to offset other types of income, such as ordinary income from wages, self-employment income, or interest income.

I couldn't build you something for $105/sqft but $200 plus site prep is excessive. 

Sellers need to beware Chris Prefontaine of PrePropertySolutions Brags he will make on average $20,000k to $80,000 per deal with little to no money down and even if the tenant buyer doesn’t cash out the seller he still walks away with thousands and leaves the seller and tenant buyer out to dry.

Fine and violation for excess trash dumping 6.

Back in our species earlier days, they were necessary for instant energy, but they are not needed as much in our modern world....yet we consume them in excess (well, most people do anyway)That old saying comes to mind - 'moderation in all things'.....and it applies particularly well to exercise and diet...

Out in small town Iowa our Selfstorage development has dried up due to the high cost of building versus low rental rates.  

As far as where to find these properties goes, that's not a cut-and-dry answer.