@Vivian Sung, since we do not have the complete picture here, it's hard to do a more in-depth analysis.From what you are describing, it sounds like an approximately $285k purchase price?

That's the only choice I have.I hope this makes sense how I am describing it. 

Having a portfolio of rental properties as you describe does not qualify to sponsor a solo 401(k), because rental income is passive investment earnings, not the kind of compensation that can be used to fund a retirement plan.So, while some of your goals are on-target, the pathway there may be different than you are envisioning or describing here.  

The change you’re describing is likely an amendment.

Don't know the property other than as you described, but if you do expand, it cannot be done for $2k-$3k/site.

I can't remember the term he used to describe his position but it wasn't overleverged and he told me that I didn't understand LTV.

You may want to do a short (No more than 30 seconds, MAX) of the area that needs work.....then put together a text message describing what the problem is and then send it to the contractors on Yelp and CL. 

@Joe VilleneuveCan you give us an example of the exponential growth you describe.

@Justin Goldwater Dude, at first, I thinking: "This guy is totally describing Denver," until I got to your second condition.

You are describing what is a very common clause in a property management agreement.