I see some investors, here, have used Master Leases a few year's ago. I get the benefit for me, but our market is extremely good now and rents are sky rocketing and vacancies are extremely low, so if I were to try to do a master lease for cash flow, why would a property owner do this? Specifically, I am in Los Angeles County and near the Inland Empire. To cash flow, I would need to find an underperforming unit or units and do a bit of rehab and then get market rent to make a spread. Is anyone using this strategy and able to locate willing property owners?
I am in the same boat and would love to hear some opinions, thoughts from people who have done it.