But this diversifies from just Self Storage.  

Quote from @Jennifer Moscatello: Be careful.How much will it cost to fill the oil tank?

If you have a 6 bedroom in an area that does not have a university (students looking for shared space) or is in a family friendly place it may sit vacant longer between tenants.For Capex, try not to use a generic number - look at the roof, furnace, hot water tank, kitchen - when will each need to be done and what will it cost?

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

Give me a 100+yr old cabin/barn, those things are built like tanks. lastly, as a buyer, I'd want to know why your looking to sell.

Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.Maintain proper records, such as contracts, settlement statements, and promissory notes.Additionally, you can track income and expenses consistently using software or spreadsheets.As you scale, if bookkeeping isn't fun, consider hiring a bookkeeper for a couple hundred bucks per month.

It also sits on 2 acres with separate buildings for animals and a nice storage shed.

Fact is St Paul is the grand champion of idiotic political actions to tank a city/market.

Any advice for getting into Self-Storage as a new to CRE investor?

., warehouse, storage, and dozens more.What should I expect when first coming into the profession ?