I have another $100k to play with, as well as investors who are looking to partner, so I could feasibly keep this one and do another

I have another $100k to play with, as well as investors who are looking to partner, so I could feasibly keep this one and do another

It may be feasible to self-manage when you occupy one unit, but if you purchase a second, you should strongly consider professional management.

And I too learned many hard lessons along the way, the main one (because it hurt the most) was being on the verge of a financial collapse.At my wife's consistent prodding & urging we turned our attention to Self Storage. 

The original tenant was a Godsend and honestly just paid us to use the 1350ft^2 house as a storage unit for a year and a half, unfortunately she has moved on.

That will give you immediate insight into the timeline and feasibility of accomplishing your goals. 

Also on the property is a one-car garage/workshop and a storage building.

(Storage expenses!)

The rents are as follows:Floor 1: 1350Floor 2: 1350Laundry Use:Floor 1: 50.00Floor 2: 50.00Garage RentsGarage A: 125Garage B: 125Garage C: 125Garage D:  (Vacant) (There is room in the basement for storage but no current charge or use of the basement from the tenants for storage)Please comment with thoughts, questions, or any concerns you see that I may be encountering and if I finally have something worth pursuing or should I rock out in my current living situation for another month...lolThanks,IsraelView report*This link comes directly from our calculators, based on information input by the member who posted.

I am new to the idea of Commercial Real Estate, especially self storage units.