@Karen Devlin I am in agreement with others here who say to not put all of your eggs ($370K from 1031 proceeds) into one basket (ONE self storage facility).It would be far more prudent to spreading the $370K over smaller (5-12 unit) apartments.

Also, what are the boundaries of "holding oneself out to the public as being in the mortgage lending business" ??

It's in a district of a capital city that is distinguished by some of the lowest prices in the city (about 35% below average).

I've managed one self storage facility where I was able to increase the occupancy by over 20% in just a few months, just by being a good manager.

If you're taking a few days to track down and call work bosses, get check stubs, get bank statements, get brokerage statements etc. that causes a lot of ripple effects: your applicant gets antsy, your applicant won't love that some random landlord is getting all of this sensitive info (everyone would rather send those things to an established company), in the meantime you might have other applicants and now you're not sure how to handle that, you end up losing an applicant because they had to send sensitive info to someone they don't know and they went multiple days without hearing back.I appreciate the grind of doing it oneself, but in my opinion there are great resources to use that mitigate a lot of the aforementioned risk.  

To do this, a housing provider must show that its policy accurately distinguishes between criminal conduct that indicates a demonstrable risk to resident safety and/or property and criminal conduct that does not."

My attorney distinguishes pet rent from a non refundable upfront pet security fee (no such thing in CA as a non refundable security fee of any type). 

Now, making money from oneself isn't that bad of an idea eh! 

A shallow dive into the Social Security Disability Insurance(SSDI) program and Veteran Benefits Administration Disability Compensation program may be helpful in distinguishing these programs from SSI. 

@Steve B. the reason photos are encouraged is because we can have many people with the same name posting in a topic, and the photo serves to distinguish among them when the @ feature is used.