I live in Ohio, please Private message me and maybe i can help you out

@Dovid Staples sent in a private message

I first go by the 1%, but am conversing with the Seller today about what expenses the tenants are responsible for, Cap expenditures done recently, etc. would you mind sharing what ratios you target?

If I was in your situation, since you say there are repairs to be made anyway, I would say it's not a bad option to get a hard/private money loan to pay off the arrears and do the repairs, then do a cash out refi in 6-12 months to pull your money back out.

@Ilona KovacsI've been teaching & coaching for 8+ years now on all things Self Storage - buying & operating an Existing Facility, Development & Conversions, and Raising Private Money too.As there is a fine line on how much self-promoting one can do on this forum, please either PM me or google my name on the internet. 

Syndications require a private placement memorandum (PPM), which can be costly and usually only make sense on larger deals. 

I don’t think I could qualify for lending through a traditional lender so I need either private money or a hard money loan.

A duplex will usually give you a private yard and/or private parking.

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Does someone have any recommendations for lines of credit, new construction loans, or private/hard money lenders.