I know there is a hefty tax bill waiting for me  with this 1099 commission but I also know that I am classified as a Real Estate Professional based off the guidelines of this being my main job, actively managing my 4 SFHs and my self storage facility for over 500 hours, and so on.

Unfortunately, there's no tax write-off so it's a true donation.I bought my first storage facility with 150 storage units and three residential units.

Many people dont know but Houston is the home of the worlds largest medical center (Texas Medical Center) Add to that, that the cost of living for a large metropolis city is low in Houston compared to other top 5 largest cities.

Storage is a great asset class, but you really have to be able to underwrite the facilities or you will get screwed by mom and pop owners who have bad books.

.-$5K deductible (high deductible made a big diff for me in the annual premium)-DM me and I'll be happy to tell you the liability and medical payments coverage.

They will be out of work, have some medical emergency, be supporting a family member, etc. . .The problems to solve will inevitably be more than just real estate.

Medical facility coming to market <1 mile away.Walking path, restaurants, etc. next to property.I say all the above because I'm looking to renovate this property and attract a higher-end client.

We are looking to get cash out of our properties right now is because we are in the first stages of building horse facilities/barns on our new 60 acre ranch to become the training headquarters for the Texas State University Equestrian team, and we would be leasing the facilities out to the head trainer/coach of said team.

Some go into greater life-lesson detail (do you have a Will, Living Will, POA for medical and legal, and a ton of tangently-financial topics).

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