Where is the property located and is it SF, 1-4 MF, or 5+ MF?

@Mike Lambert That is highly dependent on a multitude of factors like size/luxury class/location/housing type/owner restrictions/etc.

Starting with the right location can make all the difference, even if it’s outside your immediate area.Best of luck with your investment journey!

While the location is great, parking is an issue, and can really only accommodate about 4 - 5 cars total at time reasonably. 

This generated $2M+ in equity, and thus is highly lucrative, but takes 2-3 years.Note worthy: I am located in California, but I did this project in Canada.

Prioritize stable cash flow, good location, and manageable property condition, while considering strategies like gradual rent increases, expense reduction, and value-add improvements to enhance returns.

I invest in the Kissimmee area, #1 rule of buying real estate is location. 

Very good point.In the case of Arizona, I have been unable to locate any state law / code that suggests Arizona may have additional regulations. 

This is a common theme across the country with many municipalities enacting similar restrictions including where I am located in Philadelphia. 

You can read the full story in our self storage post for that location.