I would say that investing in self storage is equivalent to investing in apartments, but with tenants that are much better behaved.

An equivalent Basset pair today would be near $7000.

As soon as your loan closes you can execute a Quit Claim Deed, or its equivalent and put the property into your LLC.

That sounds like a realtor statement.Yes, the buyers lender needs to understand the situation, but you should be dealing with cash or cash equivalent buyers anyway.

I recommend the equivalent of two to three months of gross rent if you have only one or two properties.This is NO different than operating any other business.

I wonder if insurance will cover that, since its equivalent to having burned the place down.

Its $200 for their equivalent, large units with A/C.

If you care to discuss this further let me know.NickRepetition of Positive Thought is the Key Napoleon Hill had this to say in his classic book “Think and GrowRich:”“…any impulse of thought which is repeatedly passed on to thesubconscious mind is, finally, accepted and acted upon by thesubconscious mind, which proceeds to translate that impulse into itsphysical equivalent, by the most practical procedure available.”

That is why it is a good idea to plan on and budget for around 6 mailings, or the equivalent to 6 months of direct mail.

I wish I could find some properties in San Diego or even Austin to 1031 or flip into that would be the equivalent of this place.