Most property management apps are built for LTR or STR.

But generally speaking the training business is just like any other small to mid size corporation.. you only have one owner or CEO and they manage folks under them..

Rental income is subject to tax, but it is also possible to deduct many costs related to owning and maintaining rental property, including property management fees, repairs, and mortgage interest payments.Additionally, for those investors holding properties in Germany for the long-term, the country's capital gains tax law is attractive.

The fresh perspective from someone outside of my network is crucial, that way my expectations can be closer to reality if I decide to reach out to new contacts for this opportunity. 

@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.

There are tons of strategies, pick one that excites you and run with it until you have mastered it and then you can decide to pickup another strategy. 

This is the point that I would get to before deciding what would be best for my plan and my family.

Who gets to decide if a repair that appears to be needed is real or fictious, created to reduce the net available to the lender? 

It likely will only make sense to keep if yoy decide to make it your primary residence (keeping the prop13 savings).  

I property manage STR in the cape cod so this is actually good info