And you can discount that Southern Californians generally have more money (and investable capital) than the rust belt.

.) - Ideal Market Demographics as defined by the Self Storage Association - 5,000 people within 1 mile radius - 40,000 people within 3 mile radius - 80,000 people within 5 mile radius - Median income of $45,000 or more - Traffic count of 10,000 cars/day - 25% of housing is high-density@Erik Hemingway has a couple of conversion projects under his belt and is killing it.

Sure, you'll make mistakes BUT you'll learn from those mistakes and you'll continue to grow and evolve.It is also a great way to start your investor career as having one property under your belt can be used to purchase your next property and so on and so forth.

I have some experience under my belt with one single family home that I rent out in the Phoenix area.

HUD is not applicable here and the only way to include something like a garden tractor / snow blower in the Letter of Arrangement would be to have it listed as chattel on the Agreement of Purchase and Sale.

Plus, he keeps all his lawn equipment at the duplex in a storage shed so he's giving me his, John Deere JX75 push mower, heavy duty edger, weed eater and leaf blower along with the property.

I'm trying to get my first deal under my belt.

NadirshSorry this thread started to put me to sleep so if this was already addressed consider it an endorsement.Get off being hung up on sub2, there can be 100 deals out there at the moment and only one sub2, so add a few more tools to your belt from the get go.

i know how free you must feel to have that first one under your belt!!

Get a couple flips under your belt and insure very well.