Great stuff in there.

Thank you for reminding me to skip the flashy stuff and focus on the return.

I also pay for stuff to be on time - I usually give around 50% more than what's scheduled depending on the scope of the work.

I just got done with a 2 month, $55,000 rehab on a SH property then the Code inspector went in and pointed out the most pointless stuff that I have ever seen. 3 pages worth of repairs is what I received in the mail.

To start, these are the fundamental underwriting inputs the GP/Syndicator will be making when arriving at their offer price:Management Fees: This will be very similar to any other bidder who relies on 3rd party management (and generally more expensive than a local operator who benefits from the efficiency of managing an existing local portfolio).

I don't mind cosmetic work but I'd likely avoid any huge (crawlspace, New HVAC, etc) type stuff.

Which most of them have been fixed up by now to not have problems, but you know stuff will come up.

I made an account over on self storage talk .com - lots of stuff that you may not have thought about over there. 

You move you're stuff into temporary storage and then move it back into your new property. 

I don't ever look at land to subdivide just entitle it to the max. add units, etc. or buy land smarter. it's not hard. you can handle all of it yourself but you need a good architect or overseas drafter who knows their stuff.