Once those are done(by Spring time) I am going to save up $$ to lease/buy a bigger warehouse.

I think it should appraise for at least 600k and think 650k is reasonable.It’s fully renovated and fully leased for $5,200/month.I’ve reached out to banks to see if I could use cross collateral to be my equity contribution but at least so far they’ve also wanted 10% cash.I’d like to avoid coming out of pocket with cash.I was wondering if you had creative ideas on how I might be able to get this financed 💗

You aren’t owners with lease options.

Lease provisions in one place that are common and acceptable may not be allowed elsewhere.Overall its worked out for us but there's definitely some potential pitfalls.

Can I ask why you want to rent out a short term rental instead of buying or renting out a whole unit that you already own to a tenant on a one year lease?

Flexibility in lease terms can be a big selling point.Hope this gives you a solid starting point!

And right now they're both on the lease. 

Gradually raising rents, exploring lease buyouts, or selling with tenants in place are balanced alternatives.

One PM company I dealt with back in San Diego... thankfully not in OC... buried costs for advertising and re-leasing in their contracts.

Is it up for lease now?