That might have actually happened on a very limited number of mtgs, or not, but that's mostly delusional, wishful thinking......or just more BS promoted by foreclosure defense attorneys looking to snag clients.

Originally posted on May 27, 2016: "So I've been silently stalking BP for self-storage guidance for a few months and it's time to break the silence.

It DOES include taxes and insurance.Your analysis seems to be missing some potential big ticket items including but not limited to:InsuranceHOA FeesRepairs ($1000 per year seems low, that's only $83 per month)Landscaping/Grounds MaintenanceProperty Management (include it even if you will self manage for the time)

If you have a realtor he should be helping you get everything you need in the way of inspections and permission to self inspect etc. etc.This deal smells really bad just from the few paragraphs you have written.

or should we open a Self Directed IRA and use that as a vehicle?

and tries to create a legal defense against paying you.

You have two choices, hire someone who is willing to teach you how to estimate (online or physical), or self-teach by buying some books like J Scott's book or Construction installation encyclopedia.

dont overextend your self. there is a right time for everything. if you dont have money, take the time to learn as much as you can. 

I would love to ask the community (experienced or a newbie) a question and feel free to answer below (if you want):What do you wish you could tell past self before you embarked on your investing journey?

Additionally, the reason we hesitate to sell is because we've got an accessory apt in basement with income stream as well as a separate office for where I work every day (self employed).