He was at the heart (and brain) of a fantastic educational operation – one that was undervalued because he did not charge much for it.

This way, investors could avoid the tax burden since the operations would fall under a European entity.

I was conducting an extremely seasonal business and after 8 years of operation the business was insolvent. 

@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.

Supplement this far simpler entity approach by ensuring you have appropriate types and levels of insurance, you operate your business in a manner in which your conduct is not considered an exclusion in your policy, you work with licensed and insured vendors, you execute contracts with indemnification clauses with these same vendors/ require additional insured status &  maintain appropriate licensing and permits.

Deduct mortgage interest, property taxes, travel, and operational expenses.

OOS investing has operational inefficiencies, because you work remote.

The key is to pick a lane—focus on improving as an investor, finding great deals, and letting a solid property manager handle the operations.

You'll need to do a lot of learning on the order of operations.

She also mentioned that they’ve been in real estate since 2006 and have managed over 30 properties (though this is more of a side business for them), which suggests a mom-and-pop operation.