Do you plan to self-manage?

There's an active business LLC/s-corp with a self administered solo 401k (from Advanta) with 2 sub accounts (his/hers).There are no children as plan beneficiaries, just non profits, churches etc and the opposite spouse of course.The wish is that the business lives on and provides on going benefits to the beneficiary churches etc. 

With the units being only 600 square feet, this $80,000 seems more than adequate.Total Investment: $450,000Monthly Rent: $4,800/month ($600/unit)Monthly Expenses:Vacancy: $144/month (3%)Property Management: $400/month (Plan to self-manage but factoring an allowance here)Maintenance: $400/monthProperty Tax: $300/monthInsurance: $200/monthWater: $400/monthMisc/Other: $200/monthAnnual Net Operating Income: $33,072Total Investment: $450,000Cap Rate: 7.35%Annual Interest Expense: $13,950Annual Profit: $19,122Let me know your thoughts! 

If you turn over to a PM then they take most of the extra money you can make with a STR.So if you can self manage and you are ok with a little extra work then absolutely give it a try.

Some additional info about me that may be helpful:1) I have significant self control and am not concerned about spending the money away that I would get from any of these options.

I would either build my own underwriting sheet or find one more tailored to self storage.

. :-)Do you self manage?

It has made my family good money and has been really easy to self manage.

For a new projectLand development and new construction of Self storageproject size: 100,000 sqfIn the city of Kennesaw (Northwest of Atlanta)I would like to references to a development builder With construction experience of self storagethank you

Most of my investments have been buy and holds that I self manage but have been involved with multiple flips as well.