I'm not currently operating in MT, so don't worry, I'm not going to try to pitch you on my company, but I'd be happy to talk you through both sides of your options based on my 20 years in this industry niche.

Yes, The way it works is you can take out 80% LTV based on the purchase price and any repairs or receipts as a total.

 Where you’re based and where you invest (or plan to invest)- I'm based in Dallas, Tx where I was born an raised.

It is also very big and requires constant reno/repairs.My tax returns are laugh worthy to conventional lenders and I have 2 other properties so my debt to income ratio looks ridiculous to the average underwriter... but the cash flow is definitely there. 

Done and done.If you realize that those above topics are pretty much everything about Self Storage AND you learn those three (precursory will work, in-depth is better), you've got all your bases covered.  

View report*This link comes directly from our calculators, based on information input by the member who posted.

So the bank is paying you 1% (or less) on your $100k but lent out $900k in mortgage debt at 7%.

Ive recently started the process of looking for multi properties home in my area but soon come to realize that I would be losing and going into debt if I was to buy.

If I'm in your shoes, I recommend chatting with some local investors (attend a few meetups) to get a good sense of whats possible and not based on others that have a similar W2 scenario as yours. 

Ask for a comparison based on the current coverage and also any recommendations for better coverage.