Careful with this strategy though: it takes 1-2 years to fully lease up a storage facility, during which time you have zero cash flow to pay for all of your expenses and carrying costs. 

Mentioned was the 10% down, 15% carry back by a seller and 75% from a lender, that is customary as a "purchase money" transaction.

Each has pros and cons:Tile:The tile in my living/dining area has 18"x18" and 12"x12" tiles in a windmill pattern, but Lowe's no longer carries the 18"x18"...So if we transitioned, it would just be 12"x12"...

Cost me $350 including new steel jack posts etc & 4 guys to carry it into the basement.

I found a property and ran the below analysis: Purchase Price 50000 Closing Cost 5000 Carrying Cost 1500 Temp Utilities 300 Renovation 55355 Sales Price 135000 RE Commissions 8100 Profit 14745

If your 1st lien mortgage is 75% LTV, you could ask the seller to carry the remaining portion... 

Literally I had a banker laugh me out of his office when I finally summoned up the courage to approach someone about how I could buy something... and looking back, I know of at least 3 deals on $30k houses that the owners would have been tickled to carry the note with no downpayment, if I just made payments to them! 

I would try going to your local county first and ask around about obtaining the list, and then see how hard it is to scrub that list for ones with property.

I carry one with our real estate info on it and another with our tree service info on it.

I learned to train them from day one and keep it professional and not get carried away by their angry tones.