That said, if you have other skills that would benefit an appraisal firm, (hate to use this phrase but it works) you are a self-starter, and find the right opportunity, I'd think you can be up and running with a decent income in a year or so.

Purchase price: $360,000 Cash invested: $26,000 Sale price: $1,325,000 Bloomfield Mini Storage was approximately 15K square feet with about 1600 of office space ad the remaining being typical drive up access self storage units.

I only have a few rentals myself but I negotiated lower and bought my self tons of rehab work.

Many HMLs are lending out of their personal trust or self directed IRA - they are not true professional lenders.

No property management fee, given we self manage.

So if we use it maybe to acquire a line of credit with a bank and use it to buy properties and then funnel that money back into the ranch then it could fund it self.

I have done apartments and self storage, so this is a little outside my core competencies, but if the price is right, I’d like to investigate it more.Thank you in advance!

To be very honest, you are starting at an amazing time in your life.Now, to get started - if I have to tell my 23 year self, I would say, start with a small SFR or a duplex and house hack it.

I am not educated on syndications so i cant speak on that but from the gist of it , i would like to make a 15-25% return and receive the tax benefits , and from what i understand syndication doesn't offer that . as far as partnerships , My dad a long time ago opened a business with a professor and it went well for a while but then he got screwed and i promised my self i wouldn't join a partner ship .  

This makes me think of people who let applicants do self showings using a lockbox.