When developing a pro forma for a storage facility, what percentage of gross income should be estimated as operating expenses?

Development trends in an area always start with road development i.e expanding lanes or putting in new roads, then comes the housing, then comes shopping centers then comes medical facilities...urban sprawl.

Read your state regs, - involve your area authorities (fire marshall, building inspectors and anyone at the state level of whichever arm of state govt manages Assisted Living/Nursing homes early and often in the design/build process - they have to be kept in the loop and part of the process to keep happy and so that your facility can be auth'd and up and running)Best of luck

Anybody have any interest in storage units in Lubbock, TX?

Some cities have robust traits within the manufacturing sector, urban areas in Florida such as Orlando have a lifeline of steady tourism, and cities such as Seattle have experienced a boom in tech jobs.

The agent proceeded to provide only three pictures of the facility (exterior main entrance, kitchen of one unit, and the backyard) and relayed that I can only perform a walk-through upon the submission of a Letter of Intent.Is it common to supply a LOI prior to seeing the units in an MFH? 

People that live in a van with no utilities or facilities have something wrong with them.

Concord and that little airport and the Amazon distribution facility have got to have created some SFR buy and hold opportunities.

Anyhow, I am looking at investing the bulk of that money in either real estate rental property or I'm thinking about buying several acres and building boat storage facilities.

An existing Facility that's being properly managed should have an expense ratio of 32 - 35%, that is the industry standard.