The garages are used strictly for storage.

They can take $245,000 for it its 9 units has a office space and a detached garage new storage space.

Also, if they are located in a sealed area or out of the way like an attic, I put in a water alert device, they are like $20 bucks at Lowes.

Hello Everyone, Was hoping a more seasoned investor might be able to shed some insight on a multi unit storage/commercial property  I am currently reviewing:Current Tax  Assessed - 1,400,000Purchase - 975,000CashDown payment - 100,0001 Year Seller Finance Payments - 72,000Total Cash In @ 1 Year - 172,000 (17.6% of Purchase or 12.3% of Assessed)Forced Equity (Assessed - Purchase) 425,000Total Equity (Cash + value appreciation) @ 1 year - 597,000Refi 803,000 to Pay off Balloon Loan to Assessed value - 57%Loan to Purchase (does not include forced equity) - 82%NOI with 5% Vacancy and 5% CapEx - 82,000While the Tax assessed value is not the same as an actual bank appraisal I'm wondering how close these typically are?

(we come from mini storage, we a much smaller flat rate for cloud based software.) 

Now that I've been rehabbing this property and getting familiar with this neighborhood plus a few other scenarios I'm considering flipping. 1bd/1bath 600sq ft house with large carport for storage and large shed on fenced in 50x100 lot.

Tim Porsche Mfh mobile home parks and self storage are some of the obvious investments.

Let’s say conservatively it’s worth about 700k.2.We would be looking at building a detached rear unit with res over a 2 car garage + storage. 2 beds 1 bathroom.

Also if I acquire the property who is stuck with the storage/moving bill?

So far I just save them in my bookmarks, but that method only saves to the device I'm using, not to my BP account, which is accessible from anywhere.Any advice or tips leading to a great solution would be profoundly appreciated!