Eventually, I’d like to start using the cash flow to pay myself and work toward replacing my day job income.

@Luke Spencer I am not on the management side but I can tell you it took 2+ years to fill 300 units at one of our facilities and the other just hit 300 units in 12/13 months so it really depends on the demographics, and local housing market trend, the more people moving in and out the higher the demand for storage.I think if you're looking at a saturated market then the upfront cash to turn the warehouse into self storage is not a good idea but then again, maybe those operators are on back roads ( low visibility ) and don't push google ads well.

The check has been cashed and it's still not settled with me.

best wishes  i dont do gap funding at all.. so no.. not something I would do we do JV deals every week but we have zero debt all cash and we control the process. 

This cultural preference for renting creates a steady demand for rental properties, ensuring reliable cash flow for property owners.Additionally, many Germans face a significant shortage of affordable housing, particularly in major cities like Berlin, Munich, and Hamburg.

While your partner accepts more of the cash from the sale of the FFE and the associated tax bill.This might take some accountant massaging. 

The only way to make it happen is to sell some property.It will impact my cash flow.

I am trying to calculate my returns over a 10-year period using the rent-by-room strategy, which results in significantly more cash flow than traditional rentals.

It was a cash cow.

Fun fact: cash flow is taxable, while equity appreciation is not.