Here is what I am figuring for cash flow:11 2 bedroom units at $700 $7,7001 1 bedroom unit at $550 $550Total rents $8,250Additional Income $450 (Washing Machines and extra storage unit)Utilities $983Insurance $335Taxes $833Onsite Manager $400Repairs/Maintenance $250Positive Cash Flow $1000Net Income $4899$4899 will support just under $750k in debt a month.

On a mid-level remodel we put in a gas tankless water heater on the outside so we didn't have to worry about venting. it created space for an extra closet which was a big factor in this area because most rental houses in that area didn't have much storage.

I was aware that it had to pass inspection, but these homes were really old and in my opinion pieces of junk but a fresh coat of paint and repairing a couple Windows is very inexpensive in exchange for moving from a three-bedroom to a four bedroom subsidy.

Storage unit.We can purchase a storage unit (50 total units)Purchase $150kGross yearly rev $25k-$27kExpenses $7k-$8k (does not include mortgage)That would be another $11,500 yearSo total annual expense would be at $19,500Thoughts?

Landlords with lots of units seem to keep a set in storage for those 'emergencies".You could also do kerosine type heaters.

I got started with a (bad) investment in a mini-storage.

It tells me you're actively looking, you're still out there, it keeps you fresh in my mind when something that suits you comes into my inventory.

I am a contractor so the work upstairs is a few days for paint and carpet which I have in storage.

Ive purchased a number of REOs but they have always been fresh listings that were good deals the day they hit the market.

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