There is plenty of storage throughout the home.  

Aloha,Applicable Local, State, and Federal laws could arguably be most important of all to be aware of, to varying degrees, and in many cases, you need significant understanding of particular laws, depending on the specific RE path you are working.City and State LL/Tenant laws; Fair Credit Reporting Act; Regulation Z; Fair Housing; State/County/City Zoning and Land Use ordinances; Building Codes, Permits and Inspections; FEMA Flood Zones; EPA Regulations including for lead based paint, asbestos, waste water handling, grease traps, underground storage tanks, and septic systems; Life Safety Code NFPA 101; OSHA regulations (apply to all businesses and/or employers); Condo/HOA State laws and individual project Governing Documents; State Real Estate Licensing laws; State Administrative laws for RE and/or other businesses; State and local Tax laws; and likely a few more...For Rentals, the two most critical areas where mistakes are often made, and can be very costly, are the Tenant Application and Screening Process; and the Rental Preparation Process (from acquisition or vacancy, to an approved Tenant application).

: I would use that money and other funds that I have to purchase 1-2 Multi-family buildings, Mobile home parks or self storage units. 

Apartments, self storage, mobile home parks, even SFR properties can by syndicated, etc. 

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

Can you rent a storage unit? 

We do self storage.  

We will just be driving around most of the time anyway looking at adorable mountain cabins so anywhere from SV to GB to PF and surrounding.Thank you for reading my book.

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

If that’s all there is in the book he should have listed expenses and mortgage payment as cashflowing out, and then rent and any other forms of income the property had (parking, storage, laundry, etc.) as cashflow coming in.