They will also be using it for a STR/college style rental property as well.

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

You should consider skipping college and getting your real estate license if you are super serious about the industry!

The result will be even way less than 0.01%, which corresponds to the 99.99% I mentioned in my previous post.

Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.Maintain proper records, such as contracts, settlement statements, and promissory notes.Additionally, you can track income and expenses consistently using software or spreadsheets.As you scale, if bookkeeping isn't fun, consider hiring a bookkeeper for a couple hundred bucks per month.

Self storage will have different networks and nuances than multifamily or office or retail.  

This property I previously modeled is now active for $1.789M, if you check the model I was at $1.75M.

I would wonder if the previous owner owed them money and they dont believe ownership changed. 

However, in such a case, a rescue fund would hold a superior position in the capital structure compared to the common equity investors, including yourselves and there acting as a parasite taking equity upside from all common equity investors.While this might provide a safer position for the pref equity slash rescue fund, it would also significantly impact the returns for common equity investors (previous guys).

Hello, We just purchased a single family home that is currently leased to five college students.