It works best if you have purchased below market value and therefore already have some equity in excess of the money invested. 

I do not see anything excessive about receiving 10% ownership as a promote on a relatively small deal.

For example: I don't know your Risk tolerance, Financing, family or professional life, appetite for self storage long-term, appetite for change, "Control" appetite.

That seems excessive to me.

You also can’t claim total deductions in excess of your total annual rental income, which typically isn’t a problem anyway. 

With immediate positive cash flow and a conservative 35% appreciation over the next five years, this category should produce total returns in excess of 15% per year.Unfortunately, since we've been on every Top 10 list over the past few years, it's hard to find any hidden treasure.Now Alabama’s largest city, Huntsville’s military (Redstone Arsenal), space (NASA), telecommunications (ADTRAN, AT&T), biotechnology (Hudson Alpha), diversified manufacturing (Toyota/Mazda, Polaris) and a variety of emerging specialties provide challenging work (#5 Best Places for Career Opportunities) in delightful surroundings (#3 Best Places to Live in the US).

In total, “... excess household liquidity (cash-equivalent assets) has fallen from peak of $3.4T to $1.0T.”

I've found that I get WORSE qualified prospects when I reduce the rent on a vacant unit, and not a single "highly qualified bargain hunter.")Sometimes, there is a point where you've been through the pool of current apartment seekers and they are all woefully inadequate, so it's time to take the ads down for a few weeks and let the duds work their way through the apartment hunting process with someone with lower standards / bigger appetite for risk.You can thank the NYS legislators for passing such draconion, unilateral laws that actually hurt the very constituents they claim to be protecting. 

Hi Priscilla,First, Congratulations.Second, I'm assuming several things, but here are the basic assumptions:  the current market value is $20k or less, that it will take $20k+ to remodel the property, that the ARV will be in excess of $50k. 

or excessive message footers.