I am watching the task force briefing today and saw Trump announce this.

Here's why:Over the last three recessions (2008, 2001, 1990-1991), multifamily has performed well compared to other asset classes and single-family housing.

@Nicholas Gray1) Potentially look into performing cost seg on your property to see if it makes sense $$2) Why are you not working with a CPA on your questions?!

I think for my first attempt at the self storage game would be to buy a existing facility that is poorly performing, but in a good area.

If they take 2 weeks to complete tasks it can be another week to get the Draw. 

As such, generally an attorney is better suited to assist you with this (especially since it could be considered the "unauthorized practice of law" in California if a CPA performed this for you). 

It sounds like your reserve is only increasing if you have outstanding invoices or they are expecting invoices for work performed.

We made two short trips there in May and September to check on the place and to perform maintenance (10 days total between the 2 trips).Things were going so well that we decided to build a second STR.

Challenges for this project included my former plumber taking forever, the appraiser hosing me on the final appraisal, and my inability to devote enough personal time to perform the small labor that I like to do on the rehab.

Which real estate markets did the best in 2008?? I heard NYC was not affected very much in the 2008 crash. I dont know if that is correct. I know Phoenix took a big hit.