Starting running in the right herds. 

Here in vegas I want houses less than 10 years old. 99% of the time that means there’s an HOA. 100% of the homes built by builders you’ve herd of. 

Herd to start that way if you can't pull your equity out in a few years and still cash flow.

To be really short I don't believe markets are efficient because I don't think the theory takes into account human psychology - herd mentality, panic and greed.A value investor believes that a high price for an investment doesn't mean it's Also, if you believe in value investing you do *NOT* believe that higher returns are found by taking on higher risk.

Since the building is paid for, it cash flows like a herd of cash cows. 

@Shamsul Chowdhury First not a lawyer. second i have herd some people will create a land trust, and then have then beneficiary of the land trust be an LLC.

I like @Dave Foster advice about finding were the herd is not going.

You don’t have to follow the herd. 5.  

@Luke Moore -- I know you probably dont want the suggestions...haha but if you're in Iowa and if it's not too late may not be a bad idea to look into having radiant heat in the sidewalks from a liability standpoint and for safety - We had a harder winter than usual the past couple years and I get tired of buying salt and worrying someone is going to slip/fall plus you cant always count on staff to shovel and clear off the sidewalks - lots of outside vendors will also be coming in a facility with 16 beds as well. 

I have owned SS  and it has its own set of challenges its not all wine and Roses LOL.My banker is of the opinion that when you hit a downturn SS is one of the first things to get hit.IE someone paying 100 to 150 bucks a month to store their junk just stops paying.and vacancy starts to out strip cash flow and the properties go underwater.what did with mine and it was a unique property being right across the st from 1000 floating homes on the Columbia river or should i say within 2 miles of all those.I put a condo plat on mine and went about sell each storage condo to those floating home folks so they could add value to their floating home.. this worked out well.I also like it when you have the bigger ones kind of like airplane hangers and you sell to the ultra motor coach crowd or those that like to wrench on their collection of cars.. end of he day people need a place to live  storage is a luxury.. but this is hardly a new concept or business its well established.. and your write the herd has put up thousands of units in our area 3 to 4 story buildings and every one of them has move in specials.