God Bless him.Caps can get complicated but the real "simple" explanation is this.Commercial property whether it is office space, storage, Multifamily, mixed used, etc. they all produce income.

I started buying houses, and storage units, and apartment buildings; and eventually commercial and industrial.

Our first investment into Self Storage, I had never done an REI deal, other than buying our house. 

I have seen in previous posts (see below) where a number of great ideas were presented with everything from billing tenants back for water (situation permitting based on meters), advertising opportunities, RV spots to rent, storage sheds, and even changing to more water efficient shower heads.

Or it could be a five to 500 unit apartment complex, storage units, MHP or RV parks. 

@Greg Gangle it’s safer in my opinion to take your cash and stack it so you have an extra fat reserve account, ie if you pay extra on the mortgage you have to refi, sell or put a Heloc on it to access that equity in the form of real money.

Standing Seam Roofs
Our latest location we decided to do Standing Seam roofs, versus screw down. Costs a little more, but will last longer (30 to 50 years) with less leaks and need for future (15 to 25 years) checkin...

Going to make an offer on some land this week, for a future Self Storage location in Texas.  

We started investing primarily in commercial properties and specifically self-storage ultimately. 

Purchase price: $1,350,000 Cash invested: $644,000 Asset is 5,380 SF with a mix of 3 retail + 2 Tudor style residential lofts, and 3 storage units • High foot traffic area down the block from the Upper Montclair Train Station with direct lines to New York City • Located less than a mile away from Montclair State University – 21,005 total enrolled students • First sale of the property in over 60 yearsHREA/Cohen Capital Business Plan: • Increase the in-place, below market rents to market once the leases expire • Lease the vacant store in the short term – HREA/Cohen Capital has agreed upon terms with a 90’s clothing brand to do a pop-up upon closing and negotiating with a tenant to take space once the pop-up’s lease ends What made you interested in investing in this type of deal?