For example, if you can convert a 1/2 bath to a full bath or recover a lost bedroom or storage area. 

I am working on a self storage project in Texas and the sponsor is doing the same thing with my company's investment--having us come in as co-signers (effectively) on the debt, to get the deal done.

I may repost to the business area, but figure people will chime in on both topics.Details:I have 2 properties lined up to buy, pending final inspection and possibly a 3rd property.  2 properties have 2 houses on them, 1 property will require a variance or special permit in order to legally rent 2nd house on that property (but it could be used as storage for materials, etc for rehabs).  

Some love multifamily, other self storage,other retail.

Then any crap he's left the sheriff will inventory, you get copy he has to be able to pick his stuff up with notice from storage for like the  (required)  30 days..  

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.

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

2) assuming nothing crazy happens would it be feasible to offer 45/sqft or $47430, then put no more than $10000 into the property and put it back on the market for $64820 to make about a $7000 profit?

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.

Hi @Nawaz Azam,I am not a developer per se, but I did spend several years after college working in large-balance commercial real estate finance.Your local community banks probably have a fairly good idea of the market and whether or not building out the subdivision would currently be feasible.Has anyone done a market analysis and feasibility study?