Was originally a single wide, (1984), that the original owners added on about 900 square feet, on a concrete slab.

Purchase price: $25,000 Cash invested: $28,000 956 SF single wide with a 900 SF addition, with large carport and workshop.

I would laser focus you attention on one area, to cast a wide net like that its going to be hard unless you have crazy deep pockets.

When the finance spigot is wide open financial catastrophe usually follows.

So, lending to a partner with a mortgage secured by the storage property, or having the IRA own the property and lease it to a storage business would likely be better approaches in an IRA.

Due to the upgrades, I was able to raise the rent and more peace of mind to my tenants security wise.

But if it throws off your debt-to-income ratio too much, you may need to secure additional funds for the down payment.

But if it throws off your debt-to-income ratio too much, you may need to secure additional funds for the down payment.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Any other feedback or advice on security deposits, etc. are greatly appreciated.