If doing that is too much, then this person may be better served with a more passive real estate investment strategy like syndication, where a General Partnership team finds and operates the deal.

The generally accepted order of operations is:1.

No fancy sales pitches, flyers, post cards, or anything else.Around 80% of storage units are owned by mom-and-pop operators.

My thinking behind these questions is that I want to make sure separate my operating account from cash accumulation that I can then use for more property acquisitions. 

I didn't realize we were walking into such outdated operations or I would have prepared my own system.

Annual rent ( Rent paid by current tenant and rent paid by myself while living in vacant unit) - Estimated Operating expenses (prop taxes, insurance, utilities not paid by tenants, R&M, etc) - Annual debt service on 1st mortgage loan - interest for the private party loan = what’s left over for investorThat’s the easy part.The exit value will be much tougher to estimate and will be dependent on where you think property prices will be at the time you plan on moving out.

Eventually, I want to scale my operations to a level where I own big cash-flowing apartment and commercial complexes in cities all across the United States and possibly in other countries as well. 

Eventually, I want to scale my operations to a level where I own big cash-flowing apartment and commercial complexes in cities all across the United States and possibly in other countries as well.

Now, I am not telling you to be fraudulent, but operate within the rules. 

It does not matter where you start as long as you develop your Core 4.