I'm self employed.

That cost isn't really what one should concern them self with when looking at starting one for the purpose of owning their rental properties tho.

You are correct, my objective is to buy and hold.

Offer  the property for sale with very attractive financing terms.Create a self mortgage note on the property, sell the building subject to your notes.

The husband passed away winter 2017, and now there are two separate families working to come to a buyout agreement of the minority 1/3 interest and consolidate control with the wife's family trust.The property was purchased in 1999 with an assessed value of $700k ($600k building, $100k land).

Am I wrong in my assessment?

I already have an existing business and units ready to be placed so if I could get 40-50 units rented it would be nice to have that income as I prepare for the larger development costs to come down the road.I hope to build a much larger pad where I will need additional permits and then eventually actual self storage buildings.

 https://www.alpinehomeair.comGOODMAN GPC1424H412 Ton, 14 SEER Self-Contained Packaged Air Conditioner, Dedicated Horizontal$1,834.00The 2.5 ton is $1871The 3 ton is $1886I used to buy these when I lived in California.

The court will assess your attorney fees and court costs, but the chances of you collecting are slim to none.

In some cities, you can actually “self certify” that it meets the standard.