- That is the primary question most people ask in the real estate industry.

Similar to a home office, etc. not tied to a particular property, but to the overall business You are right that the cash out could be treated as business interest, but not deducted exclusively against the property you took the money out of.

Your experience in both real estate and the banking industry gives us great insight on both industries. 

I am really going back on forth on which industry I would like to go into.

Newbie investor/ student of the industry with a lot of real estate knowledge thanks to BP and my real estate licensing course.

Good reviews, invests themselves, referenced, helped me find great financing etc... but they want to lock me in with a exclusive buyers agreement.

Many of us in the industry are working to normalize these structures the world over.

There are many, many wonderful and outstanding people in this world who make our industry fun and worthwhile to be a part of.

I recommend you start with the older articles first as they focus more exclusively on nuts and bolts storage stuff: https://www.biggerpockets.com/member-blogs/3915-all-things-self-storage

If you intend to DIY the exclusion on your return, IRS Pub 523 is a great place to start.Best of luck.