Begin your 'pre qualification' process for the acquisition now (most commercial lenders won't issue a PreQual but rather a LOI) In general, Commercial transactions can take longer due to extended due diligence, appraisal, environmental reports and financing (60+ days) so you'll want to initiate your search during the marketing of the down leg as it can cause a tighter timeline than a residential transaction. 

Nearly all of the items they brought up were items they chose not to fix on their initial inspection that they are now have an issue with.Still a pending case but a couple lessons I have learned along the way...1.

Cleaned, updated and added new systems throughout initially.

@Kar Sun, here are my initial thoughts:1.

Seller initial asking price was $2M and we negotiated it down to $1.825M.

The most expensive backlink pkg include four months of backlinks after the initial service if memory servers me correctly.

@Arya ChenTo initiate a self-storage deal, work with a specialized broker, preferably from networks like the Self Storage Association or commercial real estate firms.

This creates a negative initial position.

I'm invested in their last multifamily fund and that fund has not paid out distributions for close to/over 2 years, my equity is less than the $100K I initially invested since the value of the properties have gone down AND in the last newsletter Brian Burke planted the seeds for a POTENTIAL capital call in the future (contrast to the 2023 newsletters about having a fixed rate for a few more years and a long runway). 

Given your current savings and monthly savings rate, you're in a strong position to start your journey.BRRRR StrategyThe BRRRR method is a powerful way to build your real estate portfolio by leveraging your initial investment to acquire more properties over time.Cleveland vs.