I own a 4000 square-foot warehouse that has about 1/3 of an acre lot fenced in. I'm considering leasing out storage space for boats and RVs.  Zoning says that it is a repair service shop, excluding automobiles, any id...

Do have an idea of your preferred acquisition price and how much rehab might be required? 

Hi Thu, I have not purchased any properties that require permitting yet.

Reason is a Heloc generally carries a higher rate on a shorter term and "Can Never" be used as an "Asset, or for PITI reserves" which are both required when you buy an investment property. 

NYC apartments will have a different car requirement from Orlando, but he used that methodology in this specific small city and was an investor from the 1980s-2000s, so a lot has changed, but I believe there is still some truth to it.

There are some home loan options that require as little as 3.5% or even 0% down.

Becoming a property owner.The hardest part about this right now is underwriting deals, remaining patient and disciplined.Outside of that, the actual details of managing the property are only hard if you do not have systems in place, delegate responsibility, and don't fully comprehend what physical asset investments require-- capex & opex heavy.

That requires you put a lot of time and effort in coming up with a sellable plan to convince them this is the right move. 

As for income verification, I require the applicants two most recent paystubs and if self employed I need their most recent tax return.

Except that you will be required to get a loan for $200k or put another $200k from your pocket in to the deal.