The kitchen isn't up to new codes for commercial.

Then add it here or start a new post so we could help with real world number and could give you more directions.

The other disadvantage of storage rental is they are generally slow to fill up, we are financing a new Construction self storage, and the lease up is estimated at 4 years.  1 suggestion would be to buy 1 container, lease it, then buy the subsequent container.

So let's see what the net looks like:2421 rent - 242 (prop mgmt) - 2035 (expenses as outlined above) =  (+) 144 / month.So, Nikki proved me wrong - you can find a positive cash flow property with 20% down assuming the rent amount of $2421.As such, this could be a possible play for a new investor who is looking for solely hands off  turnkey. 

Lol You can go the B2R route & purchase New Construction.

We spent a total of just under 50k renovating the property, all new windows, interior including paint, flooring, updated plumbing, electrical, all completely renovated the interior including removal of popcorn ceilings, and all costmetic updates, cabinets, countertops, light fixtures.

For instance, if when you buy you see the property will need a new roof in 5 years, is it more expensive to fix it now, or later? 

Hey @Faaz Hafid no worries, good place to come when you're new. 

We spent a total of just under 50k renovating the property, all new windows, interior including paint, flooring, updated plumbing, electrical, all completely renovated the interior including removal of popcorn ceilings, and all costmetic updates, cabinets, countertops, light fixtures.

@Mitch Tauer I am new to BP and live in Kenosha.