The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.

We had to put temporary line, it costed $600, and I don't know how much it will cost when we do permanent repair.

But it put my wife through all her flight school without any debt and for that I am eternally grateful. 

Putting a lease on someone else’s property then throwing it on AirBnB is not one of them. 

My goal is to start wholesaling and put the proceeds towards fix and flips and buy and holds.

If they personally don't have any larger MFR experience, then I would suggest forming an LLC with someone who does who would be willing to jump on as a low-level equity/experience partner and that shouldn't be a problem.Good luck and let me know if I could help you put something together!

We put in an offer immediately.

If you are looking to do cost seg utilizing the STR "loophole," then it may put you into a commercial depreciation schedule (39 years) as opposed to a residential schedule (27.5 years).

If you already have land available that you want to work with and to put the home on that is fine too, or we can find land that works for your investment goals.

Storage occupancy rates during past recessions has remained relatively stableFor example, during a recession, when folks downsize from a 3 bed/1 bath to a 2 bed/1 bath, those people, historically, keep their belongings and put them in storage.Also, during inflationary times, self-storage operators can better manage rates because most leases are month-to-month.