Each unit has access to a 7' x 7' storage room in the basement and coin laundry machines.

Purchase price: $405 Cash invested: $45,766 1 - office 1 - 2br apt 3 - garage buildings 28 - storage units 1 - retail What made you interested in investing in this type of deal?

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

This hypothetical student is aware of storage units, and house hacking as some pretty viable options, but isnt sure what else there might be out there.

I own 7 properties - 10 Doors (long term rentals) and a Storage Facility (36 units).

You may want to look into specifying in your new leases with future tenants in regards to basement common storage area use. 

Unique situation, you've been allowing him to store the car and tools for so long and now they need a new home.Some of those old cars can sell for ton of money.If it were mine, I'd make a deal with the renter, he pays for and puts up a tent garage for the new storage of the car and tools by the end of the month (you will have snow pretty soon) in the yard where YOU choose.Then he can deal with the car and tools at his leisure (tools sold on Craigs list, and maybe get the car sold there too, or sell it to an old car dealer.You have already been storing it for him, and this might get him to take action (without much pressure from you) (???)

Data Storage - Google Drive, Drop Box, Apple Drive, etc to save receiptsRecording of transactions - Excel, Google Sheets, Quickbooks, Stessa, etc Best of luck

It is going to be a self storage. 16,000 sqft gross area and 12,000 rentable area with $12,000 potential gross income.

What will the taxes be when it's finished.Have  you talked to an electrician to make sure enough electricity is available a the drop(s)/(service lateral(s)), for the new code requirements.A Sewer Cam inspection is always a good idea on older real estate--being there during this inspection with your own site map to make notes might be helpful...ask them how long it will take, and ask the to check if backflow prevention devices are in the sewer lines--they can prevent one units sewer backup from coming up into another unit.Good Luck!