So I'm going to lay a scenario out and I want you to imagine you're in this gentleman's shoes but you have all the knowledge that you currently have.A young adult that is 23 Years old with a credit score of 680 has just been laid off from their previous job, but has just found out that their grandparents passed away and they are in-line to receive an inheritance of $600,000.

Theres three seprate buildings the Main building is 10 bed facility with 10 bedrooms and 6 baths plus office, utility room, kitchen, dining room, den room and storage rooms.

., we are already going through OIL crash and no recessionThere is no more sub prime mortgages in marketFed is soft in their policyIT is in bubble again... but that can not affect real estate, actually real estate was high during 2000 crash.I am really interested to know which shoe will fall next and what will be the reason..?

For quite some time I had wanted to get in to the self storage industry.

I recommend going to the area at least one time and thinking in the shoes of a potential tenant-- Where do you feel safe?

In your shoes, I would reach out to each agent that serves your area of interest here and see what you get.

It's technically and legally a 2 unit, but I converted my basement into a storage unit for a lessee and the garage space as another unit.

If I were in your shoes, I would use the $40k cash.  

My plan is to use the house as an owner occupied and eventually move out and rent the whole thing,and repeat .I've seen this strategy referd to as house hacking on the site.l found a duplex in a decent area with enough storage for my equipment but lm not sure about the numbers .Here it is, I would appreciate any feedback.

Personally when I was in your shoes I went with a duplex as my first deal in the classic lived in one side etc.Good luck!!!