Our property is 2 acres and we're hoping to acquire the adjacent 3 acres that has 4 structures (3 previously used as farm worker houses and 1 as a refrigerated flower storage building).

Everything from SFR to STR to Self-Storage sound exciting and potentially lucrative to me, and fit my personality well. 

My credit is excellent and I'm planning in putting about 80k equity in.The dealLocation: Town Center of middle-class suburban neighborhood 5,750 sq foot retail (3350 1st Floor; 2400 2nd Floor)Assessed 265kPurchase Price 200k (Loan for 300k)Current SituationFirst Floor (3350 sq ft)Unit 1-3: 2150 sq ft (Unleased - 1 definite tenant, 1 possible tenant lined up @ $13/sq ft)Unit 4: 1200 sq ft (Leased @ $13/sq ft)Second Floor (2400 sq ft)Units 1-3: 1100 sq ft Leased @ $6/sq ft (storage)Units 4-7: 1300 sq ft (Unleased)Basement (3350 sq ft) Unfinished ConcreteThe assessment revealed some minor issues and a few not so minor issues.Foundation - split between current owner and myself estimated @ 8k eachSeptic - estimated @ 30kBuried Oil Tank - Current owner will remove prior to purchaseImprovements:Planning to convert 2nd floor to residential (2x 2 bdrm apts) estimated @ 45kI'm planning on spreading the major costs over the first 2 years and I'm assuming 5% Vacancy, 5% Maintenance, 3% Management, 2% general utilities (water/common area electric).

@Jen Markosian  We do about 20 single family fix and flips in Michigan (just north of Detroit) each year and we invest in multifamily / self storage all over the country.

Something you could cater to with a STR there - Locked road bike storage, bike wash, hot tub, etc...)Let me know when your next meet up is and I hope to join.  

An interesting deal came up for a storage unit complex that I'm trying to educate on how to evaluate. 

Rentals are hard to find and fast to go in the Prattville and Millbrook areas. 3/2 starts at $1000 per month for a smaller outdated home with no extras like carports or storage.

Usually with that feature comes digital document storage, so the tenant can download their lease at any time.

.); information on the neighbourhood (schools, transit schedule, parks, etc); a call list of our service providers (handyman, plumber, electrician, snow removal, etc) and some coupons from local businesses (free pilates lesson, breakfast at the corner café, cleaning service, self-storage service, etc).  

For example, here in Cincy, I've seen abandoned buildings which used to be factories converted to self storage.