Getting in front of progress (without overspending) is what I'm seeing in our situation.I spoke with the owner of a large chain of 12 storage facilities and they have expanded current facilities for the growth.

Don't know how to evaluate to see if it's worth it?

That will pretty significantly reduce the net taxable income amount.The net taxable income is then run through the trust tax table, which actually tops out at 37%, but on a graduated scale.Your vague "profit" number makes it impossible to provide an accurate representation in this scenario, but I suspect the net taxable amount would be considerably less than how you are evaluating this.

So my suggestion would be perhaps identify two no more than three markets for further evaluation. , because in order to be successful in a market, you need to know it.

I only look at improved parcels I can evaluate like every other rental property.

Did you ever make any progress , i am also looking to take one of my existing properties and converting.

We love intown living and our ideal situation is a house with some character in a diverse neighborhood with community gardens, BeltLine, etc.We have heard and seen an opportunity on the Westside (Grove Park, West End, Adair Park, Capitol View / Perkerson Park, and some streets in Mozley Park) with all of the exciting developments that are planned or in progress.

Aside from RE (but business goals related) I'd like to do financial advising on a consulting basis, am currently getting my CFP, and have been pursuing financial independence for six years and hope to be FI within the next 3-5 years.I'd love a mastermind group that can discuss real estate and business/investing goals and progress, be inspired by others successes, and learn from one another.

I understand the significance of key metrics such as IRR and CoC in evaluating the potential of a deal, but the abundance of information out there is making it challenging to find a straightforward, user-friendly solution.What I seek is a singular, comprehensive tool—a master template, if you will—that I can consistently rely on from deal to deal.

Hey @Thomas Blocker congrats that sounds like an awesome project and like you've made great progress.