I started 13 years ago with sngl family homes via sheriff sale, moved to apartments, and now have a strip center-storage facility.

Sigh...fortunately I cook well, so I just have to prepare my own food.It's true that little things do make a difference.

Many factors play into determining value, not many comps would have such a facility, the style as adapted to the home is considered, the functional utility as a residence may be less as well.I'd first call your zoning people and see if 5 or 6 kids requires a zoning variance.Having daycare services or other business activities in a residence is possible with conventional loans, but you can cross the line depending on the perceived liabilities of a business, any significant modifications to a property, public access and other aspects can cause financing issues.

The primary, if not only, reason there has been a brief spike in subsidized demand for housing in recent months (2012), has been the GSE/FHFA endorsed REO-To-Rental plan, and associated securitization conduits, in which large asset managers have been encouraged to take advantage of government funded, risk-free financing (and entirely bypassing banks who have given up on loan origination due to legacy liability issues which have every bank tied up in litigation from now until Feddom come - just see today's Bank of America results) and purchase foreclosed properties in bulk, with the intention of converting them into rental properties.http://www.zerohedge.com/news/2012-10-17/och-ziff-calls-top-reo-rental-exit-landlord-businessIt is no secret that in addition to the well-known phenomenon of "foreclosure stuffing", one of the primary drivers of the artificial housing "recovery" has been the surge of hedge funds and asset managers into purchases of rental units courtesy of near-zero cost REO-to-rent federal lending facilities, which have taken out distressed inventory from the market in hopes of converting it into rental.

Even if there are pockets of good blocks, the people from the bad blocks are still a little too close for comfort.Not only that but cook county has one of the worst landlord/tenant laws you'll ever find.

Self storage facility is where the stuff goes relatively inexpensively.

It's the typical drive up with a metal door/mice/burned out light bulb facility.

I can finally put this aside for now and focus on cooking an extraordinary meal today.Thanks again Bill and to you too Brian for providing incredible feedback and info on this topic and to Duncan also for a streamlined direction and scenario for dealing with the whole AI qualifications.Your right Bill.

I guess what I would like a rough breakdown of would be:- average purchase price for a facility with "average" number of units, let's say on the smaller end

My friend is also mentally impaired so no cooking but if this person cooks etc.