@Tyron White - correct. 50% of the property's income (usually rent, sometimes laundry facilities or parking add to the income).So 50% of the monthly income pays for that month's expenses (taxes, insurance, utilities, etc).

We do a lot of work on new commercial and residential sites for some big name companies and developers so we know before the general public where exactly that huge tech company is putting there new facility and where the housing appreciation and growth will follow.

It goes into all the aspects of acquiring an existing Facility - Finding, Evaluating, Purchasing, & Managing.We also have a Developers Academy (Development & Conversions) because sometimes it makes more sense to build than buy.And a Private Money & Syndication Summit for raising the funds.If you'd like either I could, or have someone from my Team, reach out to you to discuss in a bit more detail.Please just PM me and let me know.Good luck!

@Mike Hern I have a client who was on Paces podcast and a student who has purchased over 200 properties from SFR to self storage facilities using Sub 2 financing.

I would like to make $250k on cashflow annually from self-storage facilities in next 5 years. 

That's just so I can make sure I don't get a tenant saying they told me of a repair verbally that they never told me about.)Who changes light bulbs, air filters, smoke detectors What happens if you put the place on the market-- how you give them notice to showClauses allowing you to enter to show or repair propertyClauses disallowing permanent modifications to propertyAlterations and improvementsNo wall paintingNo cabinet, house, crown molding, floor painting or modificationsNo remodeling or repairs by tenantCleanliness, kept in good orderTrash removal, city trash pickup rulesSnow removal and pest control-- who does it, who pays for itNo exterior projects on property, no satellite receiversNo exterior advertisements, signs, or projections (area rule)No outdoor storage sheds, interior furniture, debris, junkDelivery of premises, condition of premisesSecurity-- strictly responsibility of tenantCasualtyIndemnificationLiability for Loss and Damage-- damage or loss to person Abandonment with unpaid rentNo changing of locksRecreational facilities-- at own riskParking-- at own riskTenant Insurance-- strongly recommended at own costNo excessive guests or noise that disturbs quiet enjoyment of neighboring properties.

While it certainly is true Board Members are unpaid, in most, if not all states where condo/HOA's are located, there is a provision in the law that allows the Association to pay for Board Members to attend seminars, classes, and other events related to the business of operating the Association and/or facilities.

The guys you see working on the large erections of steel at such a facility. 

private HML have every right to make their own decisions on what they will do.. they are not govmit backed loan products this is Sean's money or his investors money or his bank credit facilities.. so they have every right to be picky ..