I am trying to put an offer together for a self storage facility that is currently 79% physical and 70% economically occupied.

But if your buy a 2/1 & 2/1.5 fourplex for $300,000, the value is likely in the $80-90/ft2, so it likely will not support new construction, if this is the case, the lots are more of a liability, although there may be other uses (putting storage sheds on them and renting storage space for your tenants, parking etc.)

It is difficult being in those shoes and having the home sell out from under you. it's invasive, it's stressful, and it's expensive. 

If I were in your shoes, being that you're just starting, I would probably ask for a much smaller cut at this stage in time possibly 5% or 10% (to get your foot in the door) and work on increasing it over time.

You might want to consider shifting some of your portfolio into asset classes such as self storage, medical office or multifamily just to name a few.

I've been reading books, listening to a couple of podcasts a day and gaining free education I can get from the forums here on BP.After going through the beginner's guide and listening to lots of podcasts I think I'm interested in purchasing duplexes and multi-family units and utilizing the BRRRR strategy.All that being said, I'm all ears to hear what some of you more seasoned vets might do if you were in my shoes.

I added value by converting the walk in attic to a bonus room and a storage room in the attached garage I converted to a mud and laundry room.

So, I'm not sure of my responsibility and what I must do upon taking title.George, were I in your shoes I would DEFINITELY call the local narcotics cops and let them know.

I have an old gas station that has LUSTS or Leaking Underground Storage Tanks, the State is aware of it, it's been extensively tested for a few years now, the damage is done. 

Your rehab budget is 15k.If I was in your shoes my borrowing list would look like this.1.