When looking for a SFH there's several factors to contribute to a great rental rate: Location, Condition, Time of Year, Functionality, City Cert requirements needed (if applicable).I absolutely wish that I could 'Turn back the clock' and do house hacking and jump into real estate investing that way...so many great benefits!

Professional investors do this by sending thousands of mailers to distressed property owners, or building local "We Buy Houses for Cash" websites that rank well locally in search results. 

@Sophia Boro, I think in many (probably smaller) municipalities that there are not good records with building permits, building inspections, etc.

Hi Paul, You can use an SBA loan to purchase a self storage building as this type of asset is considered a business. 

I have done 15 deals in the past year and half, and I currently have 20 new townhomes waiting for build permits.

Normally, I would expect to see all units prior to writing an offer and that is still what I recommend; however, my client chose to proceed without seeing the other units when prompted; presumably because the building was so new.First lesson: do your best to see all units before writing an offer. 

I already gathered sufficient capital looking to build up a network of realtors/brokers/handyman.

It is not impossible, but building a team that can communicate effectively is going to be key to getting this one done.Good luck!

He told me since I just bought this building; I can depreciate the components or something.

I'm not exactly sure what this means but I think it means that your monthly principal and interest don't factor into the equation.