I did not expect retirement to go the way is has but now I have plenty of time to go around scouting properties and doing residential design work that fits the kind of lots all around me and even around the world.

I wouldn't rent to someone that is short of my monthly income requirement UNLESS there were sufficient compensating factors that would mitigate my risk (ex. co-signer).

Last, I do explain to all tenants that I will take the combination of best credit, income, and cleanliness factors.

Factor in the rate you pay to your HELOC as worst case scenario, and see if you still cash flow. 

Home values are based off tax assessments with recent sales also factored in .

Appreciation has been the biggest factor on my journey anyway. 

It's a convenience factor for me. 

If you provide them with a scale drawing of your warehouse they will design a kit to fit and can either send you the building (for which you can get bids for erection of it) or they can provide you with a building and labor quote. 

So based on those two factors I started leaning towards this area of real estate.

I want to roughly factor in a 60% margin after factoring in expenses so even if expenses are under I’ll pull out the additional for any potential cap ex down the road.They said they’d provide a full year rent roll and financials breakdown after contract is accepted but the gave me June.What do you think of these numbers?