The other half of my real estate portfolio is currently in high rise residential condos, small offices, and auto repair facilities, at an average of 50% debt leverage.  

The dwelling unit is a non-housekeeping furnished room or a unit without cooking facilities; or5.

Storage facility!

I am purchasing a storage unit facility with land across the street. 

He has us in a series LLC which allows us to brand multiple facilities under the same parent company name but protect each asset individually.

@Scott MeyersThose are true words of wisdom.I agree with everything you noted.This is a business that requires a different approach .unlike residential.I've been fortunate enough to learn about ss by working with a developer investor who built his own self storage developments,me  attending ss seminars, and learning and managing 3 facilities hands on to get a full grasp and understanding of ss business.

My father-in-law was put in a Board and Care facility because he can no longer live on his own. 

I'm a big fan of minimizing common areas, common amenities... and their inherent expenses to the small-time landlord... whenever possible.Think of common areas and amenities as the socialist part of your capitalist facility... encouraging irresponsible use and abuse...Your use of a direct payment system, like the coin-op timer, is a good step in the right direction.However... if you are going to use the basement as a common area... sounds like you need to have a common area electric service with its own meter...If you see no reasonable or affordable way to physically separate the common area utility circuits from the lower unit... then you might want to adjust the lower unit's rent to compensate...If you have decided not to do any re-wiring... another option might be to designate the basement, and all it entails, as belonging to the lower unit... since it is already wired that way...

I am also at the beginning stages of establishing a Foster Home Facility a dream I had 13 yrs ago. :)I also I saw that you had students or possibly mentor, I would like some more info, as I maybe interested in being mentored and/or working with you to whatever degree God has it scripted. ?????

Currently working on getting a storage facility under contract.