To be clear, you're considering trading this $2K a year for a single $6K lump sum payment all to get rid of the stigma of negative cash flow.

But having Tony Ambre with WFG title help me out with title issues, refi binders, ( yes refi title binders is a trade secret).

Is the REIT your considering publicly traded on a stock exchange.

And I’m not a big fan of getting in the habit of swinging hammers.

Even rent controlled apartments in LA trade at a 3+ cap rate.Base your offer price on actual revenue, not potential.

Purchase  price $450kProperty includes:1 - 1050 sq ft 2 bed 2 bath hunters cabin 5 - 10' x 14' ground blinds with electric, heating, bed, mini refrigerator,  and TVs Has 2 fresh water tanks ( a tank is a pond for my yankee friends) LOL both tanks are stocked with bass and catfish Sold all the cedar trees for $4 an acre 238x$4 = $952Sold 80 acres of mesquite trees for $2 an acre 80x$2 = $160Rent 4 hunting blinds @ $2500 per deer season.  4x$2500 = $10,000made a trade to my brother to finish clearing the 80 acres for use of 1 hunting blind.

I begun actively trading too much, trading on margin, using high risk options strategies until I blew up my account.

If you can swing it by a triplex or 4 plex.

Contractors seems like a nice guy but following items in bid doesn't make any sense-Project Management - 4275 $-Coordination with trades - 2250 $- Foreman - 1775 $-Overhead 10 % =  10,082- Profit 7% = 7058.03Does this sound like a usual practice ?

Also, given that you are already in California they put on a great self storage trade show in Vegas in April of every year that would be great for you to attend.