A few thoughts here:Gift Value:  In exchange for increasing their rent, provide them something valuable in exchange that benefits the property. 

I would compare them side-by-side and see which gives you the most benefit in the short term 5-6 years and long term 7 to 15 years.

Many of the improvements are they in the realm of cost savings and the improvements to the park can significantly benefit the tenants.  

Cost segregation is one of the biggest tax benefits for self storage facility owners.

Put together a packet that outlines the benefits of going with your property management .8.)

So, I would run the numbers and then consider the intangible benefits before making a decision. 

Could you use any military benefits to pay for that? 

I agree that it may not be beneficial for taxes, but where it does benefit is that you can start building a credit line with your entity’s name.

Then build MULTIPLE streams of income, the type of income where you earn even while you sleep, month after month, year after year.Top that off with the power of compound interest, the ability to leverage other people’s money and the multitude of other benefits of owning cash flowing real estate and it is easy to see why real estate is responsible for creating more millionaires than any other asset class.BUT (and this is a huge BUT)…many of these benefits are almost exclusively reserved to those who actually OWN (or at least control) the real estate.I’m sure others will have differing  opinions. 

However buying this house will mean that I will lose all the benefits of acquiring a home with 5 or 10% as a first time home buyer.