I had wrapped my head around residential not around commercial, But to me the deal seems amazing - you guys tell me 8000 sq. ft building7 storefronts on an active downtown street (all rented and currently have tenants)34 unit mini storage in back lot (29 units rented - the rest of the unrented are being used by the current owner)Asking price is $798,000 and owner is ok with seller financingAfter sitting with them today the owner who is 83 said he is ok seller financing and verbally agreed to $715,000 and a 4% interest rate, 30 year note, $100,000 down payment, no early payoff penalty - my lender and real estate agent both came back valuing the property as it sits at $840,000Income = Rentals ($5075) Storage Units ($1935) = $7010speaking with the owner he hasn't raised the rent on either the storefronts or mini storages for almost 10 years - looking at comparables in the area we believe we can raise the rent and storage units easily to push the income up to $10,000 a month 4 of the 7 Tenants have been there 5 years plusCost = Including estimated payment, taxes, insurance ect. would come to a monthly of = $4450that would cashflow $2560 a month at its current with the potential after purchase and rent adjustments cashflow $5460 a monthPending an inspection the property looks in good shape with little to none improvements needed at this timeA quick background I have had rentals before on the farm we own, three houses we rented out so I have some experience) My QuestionsIs this a good deal???

I am currently looking into building an RV and boat storage from the ground up.

Any good website or programs to use for finding the demand for Self storage ? 

Seems to me the busing is being done to those cities that made a big deal of how terrible Texas was is and call themselves sanctuary cities that is until of course those folks are at their door step and now the shoe is on the other foot.  

@Tedman ChengWe do 20 Flips/BRRRRs per year and use these tools:Underwriting - DealCheckProject Management - ClickUpBookkeeping - QuickBooks Online Plus Team Communication - SlackFile Storage - Google Drive

If you decide you want to get into self storage.  

Self storage, country subdivision lots (not houses), next May flex contractor buildings and Teak Belize plantations 225 acres.  1.  

Ie attached garages, basement storage, large square footage, zero lots, etc.

Title policies contain a subrogation clause, that means the insurer steps into the shoes of its insured if it pays a claim. 

For example we are in valuation downturn for office, self storage and some multi-family.