It’s a solid approach, especially if you’re working with a smaller budget.

While this option is the most accurate land valuation approach and least likely to be challenged by the IRS, it is also the most costly and can require several weeks to complete the process.Limited-scope land appraisal: A limited-scope land appraisal can be completed by a real estate professional who provides an analysis of sales comparisons or other limited metrics.

There are countless "newbies" who wholesale part-time and have done 1-2 deals their first year.

My question is what is the suggested approach for renting a unit out of the home and living in the other?

Less risk if you use a data-driven approach, and a great way to get a feel for the numbers before you commit to owning.

Overall, I have a system and take the long term approach/vision.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.PM us if you’d like to discuss this logical approach in greater detail!

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

I assume most people are able to see through the pickiness of a couple high maintenance people when the rest of the reviews are stellar.But lately I've been wondering if I should reply to these reviews and what the best approach is.

@Matthew Turcotte I'd love to share our approach and strategies for value add self storage.