Also, after factoring in rehab costs...I'm not convinced the ARVs are high enough to make BRRRR feasible. 

--Self storage, Mobile home parks for example

Storage units, vacation homes, short term rentals, private lending just to mention a few.The advantage of rental units provides 4 conceptsMortgage Reduction - Tenants pay mortgage which pays down the principle.Tax Deductions - Operating a business provides the ability to have write offs.Appreciation - Property increases in value over time.Positive Cash Flow - The ability to put money in your pocket with little active involvement.Mark Kohler (attorney and cpa) describes it this way.Buy a property for 100,000         10,000 down payment                90,000 mortgage                     Mortgage Reduction - PITI reduces mortgage by 2000 - 20% ROI           Tax Deductions - Average cash flow property loses 6000 at 30% tax bracket our return is 2000 20% ROI Appreciation - We will use 5% it equates to 5000 50% ROI              Cash flow of 100 each month or 1000 each year 10% ROITotal return is 100% Buy a rental each year and set yourself up for generational wealth.So be boring and be wealthy.Have a great time investing.

I'll continue to do that next year with our only goal of updating the small house we live in now and adding a storage shed.I went into this not quite knowing how I'd do things but in the back of my mind I always had the intentions of when I owned a business be it a full fledged RE investment only business or this ALF business I'd give some of the profits to the staff/team members.I have no idea how to structure it and how much to give to staff/keep in the business -  my idea was to try to pay out 10% profits to the staff - 3.5% to our exec director, 1.5% to our nurse and either 3% or 5% split up and paid to our hourly staff. 

These [This] district should be located only where all necessary public utilities are available and where transportation systems are adequate.Uses permitted by right:Aquaculture.Automobile assembling, disassembling, painting, upholstering, repairing, rebuilding, reconditioning, body and fender work, truck repairing or overhauling, tire retreading or battery manufacture.Building materials sales and service yards.Commercial kennels.Contractors equipment and storage yards.Convenience center.Convenience store.Data and computer services centers.Fleet parking.Flex office.General office uses.Hotel.Laboratory, research and testing.Light industrial uses.Light manufacturing uses.Machinery sales and service.Microbrewery in accordance with subsection 28-39(w).Motor vehicle rental.Parking and storage of tractor trailers.Printing, publishing, engraving.Public facilities/utilities but not including propane and heating fuel distribution facilities, generating facilities, substations, switching stations and wastewater treatment facilities which are permitted as a conditional use permit.Public parking lot.Public works excluding wastewater treatment facilities.Railroad sidings.Restaurants without drive-through.School, vocational.Selected indoor recreational enterprises within industrial parks.Storage warehouse.Veterinary clinic.Vocational school.Warehousing, mini-storage.Welding or machine shops (including the use of punch presses not to exceed fifty (50) tons rated capacity).Wholesale business.Conditional use permit:Adult business.Airport, private.Boat sales.Brewery.Clinic, medical and dental.Communication facility.Distillery.Drive-through.Dwelling for watchman or caretaker on-premises.Low intensity commercial retail not otherwise listed.Medium intensity commercial retail not otherwise listed.Microbrewery, in accordance with subsection 28-39(w), with facilities for events such as weddings, parties, and/or events with two hundred (200) or more attendees.Motor vehicle sales.Other light industrial and manufacturing uses not otherwise listed for this district.Place of worship.Public facilities/utilities for propane and heating fuel distribution facilities, generating facilities, substations, switching stations and wastewater treatment facilities (except for the expansion or modification to a wastewater treatment facilities existing prior to October 17, 2006).Recycling facilities.School.School, industrial.Truck stop.Vehicle fuel sales.Here are some questions I have:1.

We just closed on some apartments in Los Angeles and I'm interested in adding outdoor storage units that we can rent out.

If it's not feasible to rent more than one unit, has anyone tried to rezone as multi-family in Chicago? 

If you have a hard time selling, you might want to consider adding a small shed out back for the storage that was lost by the garage conversion.

In my market land is relatively cheap (as little as a few dollars) and was wondering Would it be feasible for someone who is an architectural drafter to buy the land, design a structure for it, get them approved and then sell for a profit to a builder or home buyer before even beginning the construction process?

I defer to you and the forum but is it feasible for a 1st time investor to get a 3.6MM property?