Hi MichealFrom Someone who now buys ONLY Self Storage, and does so with private money, I think it's a great idea.

So the big platinum colored Weil McLain tank to the right is purely hot water storage.

It's a great way to keep newbies and seasoned investors alike engaged and inspired to keep pushing ahead!

Now that note affects you and when you go to get another loan it will show up.Yes, your primary home counts.The bank I use will use the rental income right away with no seasoning requirement.

Nick, we are focusing on turnaround projects and/or converting warehouses, supermarkets... to Self-Storage.

For example, I was considering picking up a timeshare with an assigned week during the summer season with the additional benefit of "renting" during Sun-Thurs any other week(s) of the year, depending on availability but on reading through the fine print I found out this added benefit was not available on resale!

My wife and I are new to investing in buy-and-hold properties and I wanted to ask the opinions of those more seasoned than we are.

The house in Georgia, a much worse problem, its a 4x2.5 with a full basement mainly used for storage.

I knew if I found a super deal, I would find a way to put the money together (if your DTI is low you can take out a loan, keep it in your account 60 days to season it,,then use that, but that is pushing it.By the time I got that next super deal, I had put together enough money,,if your doing this part time, add one house every 18 months, and pretty soon you will have a great revenue stream (assuming the deals are right)andy

Some still require 90 day seasoning, some won't allow the property to be "under contract" prior to 90 days, some will require 2 appraisals and some will want to see a statement of ungrades to the property(ie Your Numbers) and some do not care.