The bank quoted me a total package 10k. 

Do you have a package put together?

A 6-plex + a duplex package)Average days on market: 49.8 (from listing to close)  Average days to offer: 32.7That might give you a better idea of what to be prepared for as you start to hunt down MFRs.

But storEdge is just one piece of the larger hardware, software and call-center package that they have put together (including customized programming that they have done on their own).So far I have not found a syndication sponsor that is more innovative at automating facilities and removing manual/human management.

I used this, plus $10,000 I had saved up, to buy 2 more rentals as a package deal with a conventional 30 year mortgage with 20% down.

Check if a single package unit is cheaper to install - it needs the space of a small closet and ductwork of course.

Especially if you plan to have a fresh interior anyway, sell the whole package. 

I was wondering if I were to choose the $40.00 package would I be able to get away with charging a $40 application fee to interested renters or is that a little to steep?

Send them info about it well in advance. a nice package with a folder and a professional headshot and a printout of a press release for the event, with lots of great and interesting details that a reporter can easily report and even spice up as they do.

You could definitely turn a sizable passive income package with $300K.