I'm currently in the process of creating the LLC for the Checkbook IRA and I have a former employer 401k with +/- $41k that I can withdraw and deposit into the IRA.  I've already created the custodian SDIRA. I'm sold ...

Note: I do self manage and one tenant is taking care of lawn/snow removal in exchange for parking (very small yard and area to shovel).

This is a great forum with very knowledgeable members that will help to guide you in the right direction, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.

With my current self-employed income plus potential rents from a multifam I qualify for a 400k property.

But now I hit a snag because I'm self-employed and they require two years of tax returns for self-employed.The issue is my 2019 tax return features a stint on unemployment after a corporate layoff, and then in 2020 I changed industries earning at first 50k as an independent contractor, but now in 2021, this industry change led to considerably more income for 2021 (100k+). 

.- charge higher monthly rent - tenants tend to trash the place less since they are going to own the home - tenants are responsible for paying the repairs which save money - no property management (tenants self manage)- no realtor feesThe only pro I can think of for a rental is that you hold the property longer so you get more cash flow over time, but I feel like the pros for the lease option outweighs the the pros of a rental, especially because you can buy more houses and do the same thing after selling it, and much faster. 

Please help me evaluate this Self Storage facility.

Self Governing:1. 

I had a great and a received a bit of patience from the seller dealing with a realtor and buyer that had never done a commercial or multi-family property.I self-manage, with a handyman.

Then if they are not self managing shave about 30% off of their gross revenue.