Hello Aiden. Look at your very first post. Gave you a path to start looking at Self Storage. Looks like your other posts you started looking at Tiny Houses and other Commercial Avenues.
Although Self Storage is simple, it still takes some education to avoid pitfalls. Books, podcasts, seminars, posts, etc. Spend an entire weekend and gorge yourself on these. This will be more beneficial to you and anyone that helps you. Then look for a Systematized approach. Otherwise there is just a bunch of info floating around in your head, and you don't know if you missed anything important.
Here is what I recommend. Decide on the size of deals you can do. Must also fit your career and timetable in location, unless you have a partner.
1. How much money do you have? Or collateral at 65% of value? Don't answer. Let's say $50,000.
2. What type of financing will you use? SBA 10% downpayment; Conventional 25%; Conventional 40%; etc or variations. Let's say you use Conventional 25%.
3. The combination of $50,000 cash and 25% downpayment, means you can do a deal of $200,000. Really need some extra cash in reserve.
By defining the size of your deal, this will help narrow your focus and make both your and anyone helping you be more efficient in both your search and learning. I wouldn't do any deals until you have done at least 5 Deal analysis. You have plenty of examples in your area you can use as guinea pigs.
Then, you have to commit to picking one investment type and learning it. Will take you about 3 to 5 years to master. Go back and read my post to you. If you're interested, then follow along in the Starting out section of General RE. Posts Deal 1 and Deal 2.
Not having sat down with you and really got into your life and aspirations. My recommendation would be to:
A. Use your BAH as an approach to househacking, BRRRR, Trailer hacking, etc. This is surefire 100% risk free investment on your part. What is BAH for your Rank and Location? That is guaranteed money when you sell. Also, it will help with your financing. If you want to keep, give to a local PM and have them manage. You will have the best tenants. Try to just do military. If they screw up, call their CO. They will immediately dress them down and have them pay you or correct the situation.
B. If you want to do Self Storage, I would pick a good State and location. Find a partner and start investing. Use the above BAH approach as your snowball to get started. Try to find a bank that will travel with you. See if the Military Credit Union will work with you. Don't worry about the best interest rate. You want a bank or lending institution that can handle multiple states and overseas possibly. One that already knows you and your story/experience.
