You will have income (rent), but then you'll have expenses: taxes, insurance, repairs, turnaround cleanup, eviction/attorney costs, vacancy factor etc.

I did this with about 4 developments in PDX market and that was 2005.

Hey Elizabeth - I'd factor in about $10k to get a padsplit up and running when it comes to furnishing which would include washer / dryer, additional fridge, bedding/desks, common area furnishings if you want to offer a little better experience.I'm only familiar with ATL - I think accounting for 1 move in / 1 move out per month is a good conservative assumption here.$8kish / year or so on routine and reactive maintenance combined which should include your cleanings, lawn care, maintenance calls ect. 12% per month of gross rents should be a good estimate if you want to look at it like that!

@Henry Clark is an expert on Storage development maybe he could give some pointers.

I am learning about Fix and Flip strategies (I've only done developments).I want to grow my income from Real Estate while working on developments (ie waiting for zoning, permits and building)What have become your go to finishes for fix and flips to maximize value?

So those were all on my Fico.. my Bank loans from my commercial banks dont show up IE: development loans  vertical construction loans..

Factor in vacancy.  

You will need a licensed TX attorney to oversee the legal documents, you need escrow officers and transaction managers and business development/marketing.

Values in Commercial are a RESULT of the factors that formulate it's financial performance. 

This caused a lot of developers to leave the city and has caused headaches for landlords.