Newer appliances, free nice laundry, 2nd floor, yard space, storage, clean bathroom, included heat, installed window A/C.Appraisal suggested the unit was worth 2,300 a month, which I felt was a bit high, so I listed it for $2,150 with no move in fee and a 2k deposit.

To give you an idea of how we approach it, we assume the worst-case scenario right from the start is 9-12 months of no rent, $5,000 in legal fees, and an additional $5,000 in expenses to deal with moving their stuff, putting it in storage, and dealing with health code violations or NOV's from the city during the process. 

Was asked in a DM what I thought about a specific Self Storage Syndication, so reposting here.Note:  We buy and develop Self Storage. 

An FHA loan with 3.5% down could make house hacking feasible, especially if you find a property where rental income offsets much of the mortgage.For now, prioritize house hacking close to work to keep things simple.

I would simply hire a good civil that has done development in that jurisdiction and pay for a feasibility study and let them run through all the check items.. but thats really just the start.. also for context .. these projects require 350 to 750k in CASH up front to get to approved plat status ..

Now the biggest impactor is often the least spoken on which is energy storage.

I’ve seen folks panic and act like they’re about to be stuck holding a ticking time bomb, but if you structure the contract properly, give yourself a decent inspection or feasibility period, and understand local investor demand, you’ll rarely end up empty-handed.

Self storage syndication post.  

We have done 8 self storage locations and 2 country subdivisions selling lots in the Omaha area and been very successful.  

PS I like Iowa just started there myself in 24 providing capital to local flippers and landlords .. doing what I preach lending money .. although I did buy a storage unit.