A lot of people have been in your shoes before including myself.

I am currently under contract for a property with three residential rentals and 157 storage units.

@Jennifer ThoméSeems like the 1031 is the way to go.you get to defer the gain from the sale and still be in real estate without the hassle of tenant occupation.Maybe you can consider storage or a NNN.

The most likely way to achieve this is to invest in commercial real estate with a significant value add, multifamily, self storage, industrial, mobile home park etc. but even then it has to be an exceptional deal to get that kind of return.

There are many advantages, and if you are generally passive anyway, a commercial level deal (like a mobile home park, self-storage, multifamily, etc.) could provide the income and appreciation you want with no hassles or drain on your debt capacity. 

THIS PROPERTY ALSO HAS AN ADDITIONAL BUILDING LOT NEXT DOOR & a 2 CAR GARAGE CURRENTLY USED AS STORAGE.

Hey Edward , I recommend to rent a container where you can storage safely all the tools,supplies and valuables.

Using cash for the down payments and cash in the bank.Not to mention properties are going fast with cash buyers 😩We have a 300.00 a month HELOC (if we max out the loan) that we took out, so that is playing a part in our numbers.If you were in our shoes, where would you start?

Use your ears and heart to listen for the emotion behind their words...learn the most common reasons people decide to sell a property themselves...put myself in their shoes and imagine what they are worried about or fear.Provide a solution for their problem! 

Hey y'all,Anyone have success renting on site storage units at a multi family property?