Hey everyone,I have a deal on a mixed-use (already zoned appropriately) historical building in Wisconsin that is an off-market deal and that's been empty (used by the owner for storage) for the last 12 years.

I purchased a small house in 2018 and rented it out from Aug 2019 - Aug. 2020 to my sister to use as storage. 

Anyway a long story long he called me yesterday frustrated that the management company was emailing him and based on what emails he forwarded me and reaching out to the management company he has to sign a transient storage agreement which basically says that he agrees to pay $800 a month until he either sells the place or moves it. 

The deals that you can get from bank owned properties that are 50% or more off their 'fixed' values is because these properties require major work, not $15k, but more like $60k and up, often more than the property initially costs.Example:  I bought a 4 unit apartment building and small storage unit building for less than half its value. 

If I can't generate the cash to do so fast, I'll do reverse mortgage on one of my properties to raise the funds. 2) If I move to rental, I'll need a storage unit at a cost of $4K3) There is a possibility I'd like to buy a rental/ second home in Tucson within the next year.

Or a self-storage facility that is not offering U-Haul and maximizing its ancillary retails sale opportunities. 

I rented out additional parking spaces and a storage space to cover the dip in rents received.

I have seen on VRBO some of the complaints about Jamaica Beach homes are that many of them have converted the ground level garage or storage area into additional living space, but it is not connected to the actual home itself and renters feel separated. 

I think this is when you start buying food storage and plan for the zombie apocalypse.

Also I like to put extra closets and storage in.