After a year or two, continue the process with another purchase, and keep going from there.I see quite a number of extremely low priced multifamily homes in small towns, mostly in the south or midwest, that rent for a massive premium over what a mortgage would be (assuming I didn't just pay in cash).These are usually located in small town America, although with a college or military base nearby that brings in a steady stream of renters. 

I have spent far too much time, energy and my health inside the corporate world doing for others rather than doing things that bring me joy with my family.Well, that's me in a nutshell...  

It was different for us though, because we worked for one of the largest corporations and they were concerned with safety of those showing units.

I don't see any use for LLC or S corp, it seems they are double taxing you, the corporate tax and personal income tax.

I work full time in a corporate job, but constantly dream of financial independence.  

@Nate B.If I make the assumption the storage facility is operated as a business (StoreUSelf.com) under an LLC/corporation, the the contracts would be between the tenants and the company.Are you buying the asset or the business (as a going concern)?  

We bought the property under a corporation, which makes the sale of the house + 3 lots taxable at 100% (no capital gain possible), with a tax rate of 19% here in Canada.

I work a full time job for a major corporation as a Facilities Manager of the largest Critical Data Center in upstate New York.

The LLC cost him $8K to set up to be sure his operating statement is iron clad and his corporate veil won't be pierced. 

Thanks all of you, this certainly is a friendly and welcoming community.You are correct Jared, Vancouver is an extremely expensive market to own and live in, and my wife and I are actually considering moving away if we can just get enough of a head start in real estate that I can quit my daily grind job as a contractor.I am working with my father who has already set up our legal and corporate structure.