@Kyle Mitchell Profit and Loss (P&L) statements, Trailing 12 (T12), and Estoppels are common, sometimes Schedule E.

@Mark Yesa Do you have trailing 12 financials and a signed Estoppel Agreement by the tenant? 

thanks so much for the trail tip on the two firms.

Do we need a paper trail of the business we were conducting? 

And prime at 5.5 now means retail rates of 6.5 - 7 sooner rather than later (theres a trailing effect) So some folks will say that your 4.7 on your primary is awfully good compared to what you'll be able to get later. 

That all sounds fine and dandy but from my experience with purchasing my first home, the bank wanted to a paper trail of where every single cent came from-- I did FHA 3.5%.

If there's a dispute the police should be made aware even if there's just a report to have a paper trail for these things before they get out of hand. 

Hey Brandon, we've owned thousands of Self Storage Units over the years, and so I thought I'd give my $.02..... 1st of all, What is the trailing 12 Cap Rate on the facility?

Premiums are being placed on areas with run/bike paths and trails. 

At a minimum - rent roll and a trailing 12 month report of rent collected vs. operating expenses.