I’m not exactly sure if that’s a smart move or not, we just don’t have a ton of expendable cash. 

Section 280B In the case of the demolition of any structure—(1)no deduction otherwise allowable under this chapter shall be allowed to the owner or lessee of such structure for—(A)any amount expended for such demolition, or(B)any loss sustained on account of such demolition; and(2)amounts described in paragraph (1) shall be treated as properly chargeable to capital account with respect to the land on which the demolished structure was located. 

That would mean another tens of thousands expended to likely not get anything in return.

So...Who will you call to fix your gate, what management system are you using, what is your advertising budget for the property, who many employees will you have on site, what is your retail mix, how many carts will you own on the property, what is your balance of interior climate controlled and exterior units, will you allow RV and boat storage, how do you handle someone living in a unit or running a business from your self storage unit, what is the real demand for storage in that market, does your client base have enough expendable income to afford storage and/or absorb your rent increases, how long of free rent or other promotions are you providing to get your units full, are you planning on expanding the property, how much are you co-investing, what are your fees, what is your carried interest, what relationships do you have with brokers or owners, what markets are you focused on, how are you different than the hundreds of other self storage syndicators, how much time are you dedicating to this venture versus your "day job", do you have the net worth to secure a loan yourself, what terms are you finding for the loans, are you providing the personal guarantee or relying on someone else, fixed or floating rate, what auction company are you using for unit sales, what have you done professionally that would give me the confidence that you will figure this out on the fly, how frequently are you paying distributions, how can i monitor the health of my investment, how frequently will I be getting updates, do you have an investor portal, have you setup a website and professional email address, who is your management company, how many did you interview before settling on them, how many are operating in that market in case you need to replace them, will this be branded units or creating your own brand...At the end of the day, the reason you will be raising money from your friends and family is because they typically won't even know to ask these questions. 

Such powers shall include, without limitation, the power to:(a) Expend Limited Liability Company funds in connection with the operation of the Limited Liability Company's business or otherwise pursuant to this Agreement;(b) Employ and dismiss from employment any and all employees, agents, independent contractors, attorneys and accountants;(c) Prosecute, settle or compromise all claims against third parties, compromise, settle or accept judgment on claims against the Limited Liability Company and execute all documents and make all representations, admissions and waivers in connection therewith;(d) Borrow money on behalf of the Limited Liability Company from any Person, issue promissory notes, drafts and other negotiable and non‑negotiable instruments and evidences of indebtedness, secure payment of the principal of any such indebtedness and the interest thereon by mortgage, pledge, property of the Limited Liability Company, whether at the time owned or thereafter acquired;(e) Hold, receive, mortgage, pledge, lease, transfer, exchange, otherwise dispose of, grant options with respect to, and otherwise deal in and exercise all right: powers, privileges and other incidents of ownership or possession with respect to a property of whatever nature held or owned by, or licensed to, the Limited Liability Company;(f) Lend any of the Limited Liability Company property with or without ­security;(g) Have and maintain one or more offices within or without the State of Iowa;(h) Open, maintain and close bank accounts and money market mutual fund accounts, and draw checks and other orders for the payment of monies;(i) Engage accountants, custodians, consultants and attorneys and any and all other agents and assistants (professional and nonprofessional) and pay such compensation in connection with such engagement that the Manager determines is appropriate;(j) Maintain such insurance relating to the business of the Limited Liability Company, and upon such terms, as the Manager determines is appropriate;(k) Enter into, execute, make, amend, supplement, acknowledge, deliver and perform any and all contracts, agreements, licenses, and other instruments, undertakings and understandings that the Manager determines are necessary, appropriate or incidental to carrying out the business of the Limited Liability Company.In exercising their powers, the Manager may (i) rely upon and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, or document believed by them to be genuine and to have been signed or presented by the proper party or parties; (ii) consult with counsel, accountants, and other experts selected by them and any opinion of an independent counsel, accountant or expert shall be full and complete authorization and protection in respect of any action taken or suffered or omitted by the Manager in good faith and in accordance with such opinion; and (iii) execute any of his powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys.

Its common place and I just dont have the time to combat the bad reviews or expend the energy.

Going into a commercial deal expended all our cash leaving us immobilized for a few years.

It really shines when you expend the same on a full cash deal, and instead leverage that cash to get 3 deals done with a little less outlay.

Accumlated a few good rentals there, then expended into AZ (bad investment) and ended up living in CA. 

(Though I am open to having my mind changed and horizons expended)Ultimately, once I have built enough capital, I will be expending into shortterm rentals and multi unit complexes.