Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction2.

Given our higher insurance costs (usually 0.7% to 1.0% of purchase price as a rough guide -$291/mo on low end) and property taxes (typically between 0.5% and 0.7% of purchase price as a rough estimate -$208/mo on low end) that leaves only $1489 for Principle and Interest.

Wanted to see if I can get in touch with someone to further guide me!

Here's a guide for evictions in Alabama: https://www.hemlane.com/resources/alabama-eviction-laws/

If not, well you know the old saying, "the best time to get a lead paint certificate for your units was last year; the second best time is now".I've been told that the RI DOH may not start hitting people with fines for failure to register on October 1 as the law allows them to, due to the insufficient # of inspectors in the state to meet the demand.However, I've also been told that the other part of the law, the one that makes it so you cannot file for an eviction in RI without a current lead paint certificate, is expected to take effect sharply on October 1st.For anyone who hasn't submitted their properties/units to the new registry, I have a 15-page guide (with screenshots) that walks you through it.

https://www.vestmap.com/post/the-real-estate-investors-guide...Take a look at that article and feel free to ask any follow up questions.

Maybe look at other storage units for sale or that sold in the last few years and enlist the help of those agents to guide you. 

Can someone guide me where to apply and obtain a license to build this basement unit to an official unit with its address, electric, and other amenities?

This makes it an essential tool in the capital structure, particularly in challenging financial circumstances.Overall, while both Mezzanine Debt and Preferred Equity have their unique benefits, the choice between them should be guided by the specific needs of the project and the financial goals of the investors.

If you place the right tenants consistently, you will rarely have problems.Here's a detailed guide on how to screen applicants: Application Screening GuideSecond, consider inspections at least once a year, preferably at the mid-point so you can catch damages before they get too far.