Tim, all community amenities are now in place, including a new office, gym, playground, and dog park.

Anyone here invest in health clubs/gyms and/or is familiar with the industry from a real estate investing standpoint?

I have worked for a software company the past 20 years and my wife and I also own a Crossfit gym. 

Really I just want the access to not be by my building, but that actually is in the deed, and for that to change the storage facility owner would have to clean up piles of 'stuff' stacked and stored, more like a gym for rats...probably abandoned stuff from units that they do not want to pay for disposal.If I did keep the one half of the building I would use it to store stuff for my rental business and give each tenant in the apartment a place for their bikes and outside toys. 

It is zoned as a light industrial warehouse district, the down-stairs is currently being used as Ji-jitsu gym, while the upstairs (the portion I'm renovating), is being used as a massage studio. 

Condo has pool, sauna, gym, and security entrance. 

I already checked out the gyms I can join, so my week will consist of work and lifting weights.

But then you better not be spending money on cars, eating out, expensive gyms etc. 

I also Do Not buy the typical C- and D class properties chasing higher cash flow, those properties will not appreciate at a good rate, I'm getting cash flow between $200-$300 per door on Class A and Class B condos, this has worked well for me and I get great appreciation.Some of the other thinks I look for beside being in large major metropolitan cities are:1) Choose condo buildings that are low-rise or mid-size, Since the HOA dues contain cost to maintain the common areas, the less common area the less the dues.2) Make sure the HOA Board reflects a minimum of 12 month leases in the bylaws, this means they've already addressed renters and have agreed on the line in the sand.3) make sure you're on the Board or at the very least attend every meeting to vote on this that may change your investment.4) Only do major metropolitan cities to increase your applicant pool, I've been doing this since 2003 and I've never had an empty unit more than 1 month.5) Don't try to compete with the large apartment buildings with large pools and gyms.

Hello BP Family,My name is Ben Wright and I currently own a gym in Keizer, OR called The Edge and I am previously a mortgage broker and financial planner.