You don't want to start a relationship to learn about storage units and then find out they only invest in single-family homes.3.

Business owners looking for storage or car fanatic looking to securely store their "toys"How did you find this deal and how did you negotiate it?

You don't want to start a relationship to learn about storage units and then find out they only invest in single-family homes.3.

I am looking at either building storage units or buying a rental property I just dont know where/how to start.

I had wrapped my head around residential not around commercial, But to me the deal seems amazing - you guys tell me 8000 sq. ft building7 storefronts on an active downtown street (all rented and currently have tenants)34 unit mini storage in back lot (29 units rented - the rest of the unrented are being used by the current owner)Asking price is $798,000 and owner is ok with seller financingAfter sitting with them today the owner who is 83 said he is ok seller financing and verbally agreed to $715,000 and a 4% interest rate, 30 year note, $100,000 down payment, no early payoff penalty - my lender and real estate agent both came back valuing the property as it sits at $840,000Income = Rentals ($5075) Storage Units ($1935) = $7010speaking with the owner he hasn't raised the rent on either the storefronts or mini storages for almost 10 years - looking at comparables in the area we believe we can raise the rent and storage units easily to push the income up to $10,000 a month 4 of the 7 Tenants have been there 5 years plusCost = Including estimated payment, taxes, insurance ect. would come to a monthly of = $4450that would cashflow $2560 a month at its current with the potential after purchase and rent adjustments cashflow $5460 a monthPending an inspection the property looks in good shape with little to none improvements needed at this timeA quick background I have had rentals before on the farm we own, three houses we rented out so I have some experience) My QuestionsIs this a good deal???

I am currently looking into building an RV and boat storage from the ground up.

Any good website or programs to use for finding the demand for Self storage ? 

@Tedman ChengWe do 20 Flips/BRRRRs per year and use these tools:Underwriting - DealCheckProject Management - ClickUpBookkeeping - QuickBooks Online Plus Team Communication - SlackFile Storage - Google Drive

If you decide you want to get into self storage.  

Ie attached garages, basement storage, large square footage, zero lots, etc.