Do you have any ball park figures on what the cash out refi rate may be for the Burleson TX area?   

, I know there are some national lenders as well and if anyone has worked with one of the would you mind sharing your experience? 

That way the tenant knows all the ins and outs from quiet hours, bbq restrictions, parking, pets, and more...But check with a professional or your NY rules if you have specific questions about your situation.Best of luck!

It also had enough room at the back to park upto 6 cars.

Looking at a small 24 unit self storage business on 2.5 acres in our local industrial park.

@Matthew Olszak Are you getting lists that have the Carrier Route and bar code information on them, along with the National Change of Address (NCOA) and CASS address certification certificates.?

parking seperation for the tenants is the only issue i could see.

A local bank likely will not lend on a property in another state - you would either need a national lender or lender local to the vacation home in order to get a loan on that property. 

The national average is around at $150/sq ft, however, this will obviously vary and depends entirely on the location (CA vs.

Parking excess cash in a property is buying cash flow at a cost of $2 for every $1 returned and is at risk if the markets turn. 30 yr mortgage's and investing cash outside of real estate will generate maximum income if you are not interested in purchasing additional properties..