It's like a rubber band. 

Income: Unit 1: $1300Unit 2: $1300Unit 3: $900Expenses: MonthlyP+I: $1313Taxes: $389Ins: $327Owner Utilities: $105Repairs: $245Vacancy: $175Management: $350Capex: $175NOI: $20,802CoC ROI: 12%CashFlow: $420/ monthYou all rock and I thank you in advance for any comments! 

BUT today I went to the lumber yard and bought four little 9 foots studs to finish a building prior to sheet rock and the price was $52 for 4 sticks!

Even if your land price is double, your return will be higher since the building/fence/security/electrical/etc will be the same.The really big swings in building a Storage location are: Footings required, Concrete/Asphalt roads or rock, Sewer/water required for bathroom, fire hydrant required, storm retention pond or drainage, etc. 

Instead of deploying amount A to partner with sister's IRA and amount B to partner with brother-in-law IRA, why not pull those funds together (amount A + amount B) and find an investment you can afford on your own?...

There are still properties that are cashflow positive or close to it in the Austin suburbs of Round Rock, Del Valle, Cedar Park, etc.People told me I missed the boat when I bought my first duplex in 2013-14.

We have a hard enough time getting ahold of this rock star, sorry.

@David Da Silva I've worked with alot of realtors before becoming licensed, and even after getting licensed, andhave not met that rock star investment realtor.

Hold on here comes the bs. 2 MAJOR CONCERNS (as a new rs investor) 1- after an inspection the basement seems to have a small piece of sheet rock dividing the basement with mold.

I know of some good places for coffee or drinks in the Georgetown & Round Rock area.Let me know and let's make 2021 a great year for Real-Estate Investing!