Work on your ironclad leases, research the materials, colors, finishes and other choices you are allowed by the builder, draw landscaping plans, make this 4plex the best it can be in your budget range. 

I’d tell him that you want cost breakdowns because your bank is asking in order to make draws against your loan, and a schedule for the same reason.

I said "let's talk to the guest a bit more and go and actually survey the scene before we go drawing any conclusions." 

Had a really big spike in 2017-18, got way overvalued then subsequently overbuilt, but inventory cleared and the overwhelming buyers market is starting to give way.

With the new laws you probably won’t spend a ton on permits but setting up utilities alone can get pricey not to mention architectural/structural drawings.

Cash/Deflation all bets are off I think but not good as assets are sold in desperation.Overall though the permanent Portfolio is very resilient against draw downs while providing better than cash only returns. 

How are we going to handle draws for construction?

.), where there is population growth but not too much (too much will draw the aforementioned big players), where they is high demand for storage, indicated by facilities that are occupied and raising rates, and where you feel you could come in and improve an existing facility that isn't being operated professionally or to it's maximum potential (room to build).Or, just invest in one or two via a syndication.

There's no gifting involved on purchase, though it might be wise to draw up a partnership agreement.

I am completely new to all this, also my first time posting on the forums so if anyone can recommend good resources or just give me good advice on how to draw up a business plan, it would be much appreciated.