My agent told me the mortgage lender will do all the inspections (physical, phase I environmental, hazardous, soil, governmental approvals, title, survey, lien, etc.)  

I am not sure what the new loan will look like, i.e. will it be a 40 year loan, etc. the interest rates for the loan were outlined in what I read and will fall between 2% and the fully indexed amortizing original contract rate or the Freddie Mac primary mortgage market survey rate for a 30 year fixed rate.

You would need about 12k to 15k for all closing costs typically (legal, survey, cost reserve stable, phase 1, site inspection, appraisal, etc.)If the bank allowed a seller carryback of 10 to 15% you could go higher in price and leverage.A 60 unit at 500 a month rent for 2 million for example would look like this.500 x 60 = 30,000 a month x 12 = 360,000 yearly divided by 50% costs = 180,000 NOI (net operating income).

You need to start with a markey survey and look at the need for storage, what kind of storage?

Well-located and well-tenanted properties that can generate strong cash flow over the next several years are exactly what buyers and lenders want, according to survey respondents.

Basically a market survey to make sure that you are in the ballpark on rent and find out the objections to renting your property.

Conduct your own rent survey in your target area.

@Augustin Tommy Jr. its very simple, just have to read the agreement and fill out the blanks. if some of the clauses does not apply to you, just put N/A or none.make sure to put property address in all pagesIn the first page, write down your name and seller name, along with property address, and county description of property for LOT and Block, this info is available in your countyThen in sales price just put he value as cash, leave blank financing amountFor earnest money, I always put $10 and the title company information that I am usingFor Title and survey, I always place as Buyers Expense when wholesalingIN PAGE 2 - I usually leave blank, but you can place as Buyers expense or seller expenseIn objections I leave blank or noneThe rest of the pages are self-explanatory you just have to read the contract

Survey completed!

It spells out who pays for title policy, survey, pro ration of taxes, etc.