If it is owner occupied I be sure to let them know that we provide moving services and or assistance with storage at no additional cost.Key is to listen if they want to talk. 

We are hoping to use them as collateral OR cash equity when we go on to our next investment (RV and boat storage). 

I feel like I can leverage my marketing skills with a website for the price of a tank or two of gas.

Especially when you figure on "surprises" like evictions, needed repairs missed on the inspection, boilers/HW tanks going, etc.It sounds like you over-extended yourself on the first rehab and I would urge you to be careful about getting involved in another major project when it seems you stretched yourself pretty thin for the first one.There are times to "buy everything you can get your hands on" (like 2012) and times to be more cautious (I'm kinda feeling like that's now, or close to it).These days, I pay more attention to LTV and debt service coverage ratio than I do cap rate and cash on cash return.

If the tank isn't large enough to handle the additional bathrooms, kitchen, laundry then I'll walk. 

Purchase price: $275,000 Cash invested: $120,000 22 storage units and 1 apartment.

In addition, there will be 10 five- and six-unit garages available for parking cars and storage"This is going to be very close to the previously built high-end Marden Ridge apartments and the brand new hospital campus opened in 2017, both mentioned in my initial post. 

My job is stable and I have growth ahead of me but may also want to utilize my masters degree and branch off on my own - I've done a fair bit of ready on LLCs, Note Investing, and commercial RE/self-storage.

View report*This link comes directly from our calculators, based on information input by the member who posted.Hi Bigger Pockets,I'm reviewing this property that is BACK ON THE MARKET.It was Under Contract BUT, seems the Buyer had a Soil Contamination Test and it FAILED according the NJDEP.The Soil Report suggests needing the Oil Tank Removed (est $1750 online research) + having Soil Contamination fixed to withinNJDEP limits.

Would you bother to buy a property to be flipped that has an underground oil tank that is leaking , please advise