In fact, you raised up more questions which I haven't done that is, one of the properties was 15 acres of land, no houses to my knowledge on it, do I still have to keep that mowed and the next one is a lot in a sub-division with 1 bldg, possibly a storage unit, no house.

My PITI is $790 a month and my rent in the other half is $805 (750 plus a yard maintenance fee and storage closet fee).  

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

The garage/parking area is under the house  and the rest is storage but it is not completely enclosed because it cannot impede water flow.  

We're still working it, but we gutted the building and will build three offices, two apartments and one storage/laundry area on the first floor.

If so this is less interestng as depreciation seems to be huge.I see the night rental is around 100/120 USD where I live, most of the time with 3 nights min.Assuming it is rented once every other weekend this is ~8k gross.Deduct maintenance, insurance and storage, that would still ,ake it interseting, especially with the leverage @4% !

Hi everyone,My wife and I are purchasing our first self storage facility and are partnering with our friend and his wife.

It stands for Delaware Statutory Trust and is a trust / pass through entity in which a sponsor (think big real estate investment corporation) buys institutional property (apartments, self storage, commercial, medical office, etc) and then sells interest in the Trust/Property to investors.

As for the storage of your receipts, many of our clients use Dropbox or Shoeboxed.