That climate is just a touch different.

Rates are going up, so I am looking at 3.9-4.1% most likely if I can lock it now, I am at 3.15 but it's an adjustable, which is up in two years.

i think you should wait until you have a problem, before you react to problem. aka, seek the lease term you want at the price you want, see if it happens....if you then need to adjust terms, do so. 

I'd go with something like this (definitely adjust it to your business model):15% Tax15% Vacancy and Maintenance50% Pay Yourself20% Set Aside for Future DealsSo if you collect 1000 in rent you'd save $150 for Tax, $150 for 'Maintency' (Vacancy + Maintenance), $500 for you to enjoy that month in your personal account, and set aside $200 to let build until you have enough for the next deal. 

@Logan Hassinger - This is my first commercial loan, so thanks for the feedback on the terms - I'll adjust my analysis.  

309 larkwood dr sw decatur al3br 1baSqft: 1150Price: 34.5kArv: 70kRehab Cost: 15kRoi: 20.5k

I searched Google using "self storage in Lufkin, Texas 75901" Maybe if you can offer Climate Control storage you may have something there. 2.

The only thing with PDF is that they won't allow you to adjust the font size if reading on the kindle, which tend to be very small.

I have heard of loss carry forwards, If the person makes a adjusted gross income of under $75k.

My 3 cents worth adjusted for inflation.