Also, inquire about any planned developments or zoning changes in the area.Legal and Regulatory Compliance: Ensure the property complies with all local building codes, permits, and regulations.

If you put in the work and follow recommended business plans.  

Hello everyone, I have my first 4 plex under contract and I’m planning on house hacking it.

Many beginners jump in without a plan leading to mismatched goals and markets.

A quick search suggested that the following surveys could be completed in the diligence phase of self storage facility acquisitionBoundary Survey: ALTA/NSPS Land Title Survey: Topographic Survey: Site Planning Survey: Floodplain Survey: As-Built Survey: I'm curious which of these are necessary versus nice to have

If you're planning on using traditional financing, your DTI will come into play.

And planning to take rent via cashier check/money order. 

Let me know if you had any plans in mind on the build, did you want to have drywall, wood stove, pellet stove, furnace?

This is more for future financial planning, but it will incorporate REI for the meantime.

I have quite some questions that need your help: For tenant screening, I plan to do the routine background (eviction, criminal) screening and credit check.