Not saying you would, but someone in your shoes could easily walk away if the project got tough or went south and potentially end up suffering no loss. 

Sewer and water are available at the road but the property would have to be annexed into the city limits.Maintenance man is paid $2,400 monthly and mows the grass.60 units 56 are rentedWeekly rentsBrick home also on the property78 storage unitsOfficeLaundry MatMetal ShopMetal Barn50 acres undevelopedCounty has approved 7 new sites, 4 of which used mobile homes have been moved in but not set up yet, septic system is already in place and electric company has been paid to set the poles.

.), moving to other sectors (e.g. self-storage), considering other markets, or what they are doing to find deals?

I took them to lunch, learned about them and told them my goals. 2020-March 20th closed on 11 units, value add by under market rents, forced appreciation by remodel and possibly adding a room by remodeling an unused storage unit.June 19th closed on single family flip.

Some states require them to have a brick & mortar kitchen for storage and such.

@Jesus SosaI think the issues arise if you don't connect with a competent professional in the start is that you may do something incorrectly or create an entity that is not really required or the incorrect entity was set up.Tracking your expenses in excel sheet is a good start.I would also save your receipts in some sort of data storage(google drive, dropbox, etc)Good luck with connecting with a CPA

Multifamily and self storage.

Thank god cloud storage is a pretty good revenue generator from nothing a few years ago.Then again, I've been told (here and other places) I'm a negative Nancy, but the high-tech business can turn on a dime - Remember how big Tek, H-P and Compaq were?

I'd encourage you to take a very CLOSE look at storage! 

Another idea is perhaps watching storage locations, and seeing bigger influx would mean that people are getting ready to move in the area, hopefully from their house in your case hahaBest,Michael