Dear fellow investors,I am buying a self storage facility and I am considering a few options.

With this said, I need advice....Two years ago, I purchased a small self-storage facility (35 Units; 1 office; 1 Warehouse (3,500 SF) and was able to obtain financing from the seller and ‘commercial hacked’ the property by converting some of the storage units into three (3) 1/1 Efficiency Apartments, with the ability to add more in the future, and added Climate Control units within the main warehouse area.Purchase Price: $248,000Financing: 15 Year @ 4% fixedWe have doubled the income with future potential of increasing income by another $2,000 using the existing structures in place.

Added use and constructed facility.

I am a principal with 2 other partners in a ground-up self-storage facility in Gilbert called Envy Self-Storage and RV.

Austin has a number of hospitals and healthcare facilities that bring in traveling nurses for short-term assignments, creating a demand for furnished, medium-term rentals.By purchasing a multi-unit property and furnishing the units, you can attract traveling nurses looking for a convenient and comfortable place to stay while they work in Austin.

Would love to hear feedback from any short term owners on what you are doing or any value anyone can add by questions you might have.Keywords, Lake County / Cook / Dupage / Loop / wicker park / bucktown / naperville

The city and state government are aware of the vacation rental facility and its operations and has collected monthly lodging taxes for at least 15 years (can't find any financial records before that time). 

Today he sees an advertisement for the competitor's storage facility.

Now flip the script and say you purchased a coin laundry facility where it was open 24/7. 

There is also an Amazon facility coming to BS along with the schools being top rated.