A business partner approached me about it, and I negotiated the deal based on CAP rate.

Basically, the further you get away from the city the more potential for cashflow, but you're also dealing with a different tenant base that may be tougher to manage.

They're highly popular for turnkey rental properties because qualification is primarily based on the income generated by the property itself rather than the borrower.

Obviously tough to give advice based on minimal info and no info on your personal situation.

Self storage based on aself service model can be done while your golfing, out fishing, ortraveling.

Assuming a 40% expense ratio, the net operating income at the current income level would be around $19,440 annually and $28,800 after renovations.At a $360,000 asking price, the cap rate based on current NOI would be 5.4%, which is low for a park with park-owned homes and required renovations.

Or a seller finance calculator showing the monthly payment based on negotiated price, interest rate, down payment, etc.

I’m currently in the process of searching for my first property, which I hope to house hack and eventually convert into a long-term rental. 

Many would be surprised to learn that about half of all states allow discrimination based on marital status, meaning a landlord can reject applicants that are not related and not legally married.As always, it's important to know the laws of your jurisdiction.

The programs he brags about are no more than searching Zillow and Craig’s list for key words.