I have a new(ish) commercial loan on a mini storage facility.

JeffListing Price:$159,000 INCOMERental Income$1,748 $.85/sqft.Garage$0 Laundry$0 Storage$0 Misc$0 Total Monthly Income$1,748 EXPENSESTaxes, Property$350 Insurance$100 UtilitiesElectric$0 Water$100 Sewer$50 Gas$0 Garbage$0 HOA$0 Lawn/Snow$0 Vacancy$100 Repairs$100 "Capital Expenditures (i.e. new roof)"$150 Property Mgr $0 Mortgage $705 Total Monthly Expenses $1,655 CASH FLOWIncome $1,748 Expenses ($1,655)Total Monthly Cashflow $93 CASH-ON-CASH ROIDown Payment $15,900 10%Closing Costs $5,000 Rehab Budget$5,000 Misc, Other  $0 Total Investment $25,900 Annual Cashflow $1,111 Cash to Start: $25,900 Cash-on-Cash ROI 4.29%

They had maybe two steady goody-two-shoes mother-may-I girlfriends through high school and college before they got married and were cheating on their wives two years after that with the first scheming homewrecker that crossed their path.That's not a price for early wealth-building I would be willing to accept, given the compelling data that exists on the subject.

Man id love to be in your shoes!

This is what storage pods are for -- an expense you might offer to pay.

It is because of office leasing that I have opted to own multi-family...and down the road mobile home and self-storage.

Below is my understanding of NJ tenant law and what I would do if I were in your shoes@Sandy Su According to NJ law:1) Does a tenant's non-signing of the lease automatically turn into a month-to-month lease?

Then, the second bathroom is being used as a laundry room with the shower as storage.. besides me lol.

In past recessions for example, self storage and mobile home parks did much better than for example hotels.

Talked to the city, etc before hand as it had 3 units, separate storage, and storefront and the city said to ignore that.