I've heard of them as well.

I could also use my cash out refinance to complete this as well but I also wanted to get into another brrrr and this may slow me down using all my cash without really being able to pull it out unless I HELOC after completion. 

I do work with clients as well as part of my agency business! 

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Be sure to tell your accountant that you may now need to file non-resident income tax returns in each state where you own property as well.

I am wanting to think big, perhaps even considering self storage somewhere and making a real company out of this, buying more SS facilities over time.

My client and I have done well in negative cash flow, but its a far better deal then paying rent.

I invest and wholesale here, and have friends doing the same in Columbus, OH as well.

I am hoping I can soak up all of your knowledge and give back one day as well.

But then you also need to make money as well so subtract your fee of 10k so your offer to the seller will be 141k and you will sell to an end buyer for 151k!

The property cash flowed well and covered our expenses in 2021 and 2022 with short-term rentals and about 80-85% business use, but it did not rent as well in 2023 (oversaturated rental market, change in travel restrictions, weather etc...) and dropped to about 65% business use and a negative cash flow of about $15K.