I recommend you explore areas within 30 min drive from your locale and explore if you can make positive csh-flow purchases in your area.Use redfin.com and homeseekers.com to see what is available in the desirable zipcodes.Analysis are simple: rule of the thumb is at GRM (Gross Rent Multiplier) this is a fancy term for a just a quick simplistic evaluation were property price is divided by gross yearly rent.Usually, 6-7 will produce positive cash-flow, 8-9 break-even, 10 or more is negative cash flow.There are other calculations, but this one is quick and dirty.I can tell you that you will find out that property located in not s good areas (mine are in South LA) will be more profitable, but you have to explore your market ..

Use zillow to get the comps you need to come up with your own estimate.To me, I have a pretty simplistic approach to estimating.In Zillow, I enter the address of my home and click submit.I then modify the default filters based on my subject property's key characteristics: Bedroom count, square footage and age of home. 

We think this would be more attractive and simplistic for investors to understand.

And I NEVER make it as simplistic as he indicates - I always give thorough and complete responses, based on the info the client provides.Mr DiBiase wanted to use strategies he is not equipped for - strategies that require cash, but he has no cash available.

For all the self-storage investors out there,I'm new to self-storage, so forgive me if this is a simplistic set of questions, but...It seems that most of the research/data that I'm coming across regarding a self-storage investment outlook is focused on the next 1-2 years, and it seems to indicate a mostly positive investment climate.

I like the simplistic approach of it pay for what you use vice cost sharing.  

Therefore, the balance sheet impact from that, simplistically, would look like this:AssetsProperty (Which is divided into two pieces)LandImprovementsLiability & EquityLiabilitiesMortgage on the propertyEquityPaid in Capital - Money you contributed for the down payment

This seems like an overly simplistic way of thinking about this to me.

So very simplistically, a Starbucks with a 20 year triple net lease will trade at a 5 cap, for example, but the same exact real estate with a Mom and Pop coffee shop with a 3 year nnn lease might trade at an 8 cap.

Making this simplistic.