We are thinking about purchasing storage units.

If you go with cloud storage, make sure you understand the security risks.

@Justin Reid - I heard Robert Kiyosaki say recently that he bought a boat by first buying a self storage facility and using the cash flow to make the boat payments. 

My commercial lenders also have turned me down due to the manufactured homes.A little about the property:  Sits on 8 acres  Has a 3 car garage A 1 car garage 5 large horse stallsA huge shopChicken coopMultiple storage roomsFenced in yardThe 3 manufactured homes of course310 k sales priceWill be owner occupied 

They are probably tired of cleaning sewage out of the bathroom and running out to the water shut off at 1 am when their 7 year old uses the bathroom in the middle of the night.And rightly so.In short, doing maintenance properly (and timely) is hugely important to keeping good tenants for the long term.Now, I am not advocating that you perform all requested work all the time.But you need to be vigilant to take care of items that may seem inconsequential to you, but frustrating to your tenants.The more you focus on putting yourself in their shoes, and attempt to be reasonable to their demands, the better.Ultimately, it is a judgement call—how nice should your finishes be?

I think most folks look for 5% to 15% on quality non war zone D class low C class propsNot sure if you can find this.. but one of my more successful cash flow type properties was a storage office combo..

The Calculator Also 2 Garage/Storage Units are Vacant at time of purchase.

I was in your EXACT shoes a few years ago.

Purchase price: $147,000 Cash invested: $67,000 Two Family with three Garages/Storage units.

Quiet peaceful backyard with one storage unit.