Also, it requires going through the P&L line by line to ensure that these are correct (for purchasing) and in line with what is realistic (for making changes when you are the Owner/Operator.)If you've looked at a lot of Facilities, you may have a good idea as to what the "going rate" is in that market for these line items.Also, Minico puts out a guide to underwriting self storage every year with industry norms across the nation on all of the expense categories.I hope this helps.

Hi,I have conducted a national search on getting an investor HELOC on a property I own that has doubled in value since I've bought it. 

However, if you don’t show enough income your DTI (debt to income ratio) may be too high.

Since 2010, the Oklahoma City MSA is the 10th-fastest-growing large metro in the country and has grown twice as fast as the nation.

San Antonio is one of the best markets in the nation, but are there no opportunities in Odessa/Midland? 

It took me 5 years to get my debt paid off, credit score raised and all that good stuff.

@Michael Glaspie - The debt is probably the most simple approach. 

I feel that would leave me with no debt and in a position of flexibility. 

You get all the debt pay down.

It just makes life easier when you go to lender 30-45 days after closing to put longterm debt on the property.