I am currently getting ready to move back home to the Berks county area because my husband is getting out of the army.

I am Indian guy and working with homeowners in Wisconsin; they are not convinced about my background.

The spread between a 30 year fixed and a 5/1 arm is only around 1.3% now...really nominal savings that can't possibly impact your returns in a significant manner.

I am planning to sell this property in the next 4-5 years, therefore a 5 yr ARM is fine.

Some thoughts on Storage as we own some and are putting some ground up 3 and 4 story infill deals together currently:There is consolidation going on with larger groups strategically buying off some of the "mom n pops" with that, these large owners have VERY professional management.Storage has become an Internet search and SEO game more and more, and the big REITs have armies of analysts that spend all their time managing the search marketing efforts.If you are going to invest in a deal, I strongly recommend you get a larger management company, large regional firm at minimum to manage the property and internet marketing efforts.Locations is very important, you should be very convenient near other retail uses, BUT you do NOT have to be MAIN and MAIN due to most customers initially finding their facility through mobile and internet searches.There are plenty of areas overbuilt, but also plenty of under supplied areas, the critical analysis is within that 3 mile radius.

@Bob E.Do not mean to offend any of your wonderful phoenix residents, but when I compare class C between different cities, such as Denver or Austin etc, Class C in phoenix looks more rundown, for lack of better words to describe it.....a few I am watching now on loopnet around indian school road...Or is it simply my naivety?

The other cities in Indian are too small.

So it might not be the case in your area but if you are planning on moving with the Army any time soon, its something to be aware of, and make sure you talk to a local tax professional because even the local PM's didn't know what to do as far as that tax was concerned it wasn't until I spoke directly to the FTB that I got an answer.

In fact, I lived right off 68th street and Indian School for many years.

BTW, my son is a 21 year old Army E-5 that's headed for Pearl Harbor soon to live the next few years with his wife (and soon with a son also).