it is not under a normal use when the appliances break down.it comes from neglect, especially when they are new.I have already made a decision.If I get a pushback they can rent a crappy place, not my place..there are always options...Appliances are provided for a convenience and not a part of rent.Tenants will be responsible and I do not have to suck anything up.

What alternative funding options did you explore?

For someone who does this part time working off your cell phone with a high volume of receipts and partners on some investments, I think there are better option.

@Kevin S.If you are getting an average return of 7% in your 401k and have an option of converting that to self-directed and then invest in real estate and as a result, get 20% return - does it make sense to switch? 

For example, build a buffer into your timeline and budget based on your previous experience with contractors, or seek out properties where the rehab is more cosmetic than structural to reduce the complexity. 

Most of my clientele are based in the west coast in California and Seattle.

Hey BP community,I’m investing in a self-storage facility for the first time and have narrowed down my options to a few properties, mainly in Texas, New York or Arkansas.1.

Could anyone give me any estimates of expenses and cash flow based on experience? 

I've been managing our rental finances using Baselane for the last year and looking to see what other options there are.

If you operate real estate for profit, that means the "value" is based on revenue.