I bought this home in 2013 and also did a cash out refi during COVID so buy interest rate is 3.875%.

Despite wanting to handle it a few other ways I reached a small cash settlement with him to drop it.

@Shayan SameerThe non-paying tenant could impact your short-term cash flow, so consider the potential costs and timeline of eviction in your state.

@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.

Purchase price: $395,000 Cash invested: $39,500 We were dreamed buying home in California, but we just turned our around.

When that happens you will only lose part of your cash flow rather than all of it if you have multiple DSTS vs one larger one.

best wishes  i dont do gap funding at all.. so no.. not something I would do we do JV deals every week but we have zero debt all cash and we control the process. 

The only way to make it happen is to sell some property.It will impact my cash flow.

Another idea that we have been exploring is using the cash value of whole life insurance funds for emergencies. 

Purchase price: $840,000 Cash invested: $75,000 Sale price: $1,200,000 Full renovation of all 4 units.