Hi BP Fam,I am curious to see what everyone considers fair for allocating ownership in an equity partnership, specifically for self storage.

We've been in the renters shoes for many years and grew up in apartments along with that.

@Ben Welch, I am in the same shoe as you.

Purchased it for $179k and had a mortgage payment of $900/m.I rented out the 5 bedrooms for $400/each to 5 of my friends and I slept in the storage room for 3 years while living rent free and making $1,200/m!

Since you have been in my shoes before, how did you go about finding your first partner(s)? 

This has held true for past multifamily syndications as well as in our funds that invest in mobile home parks and self-storage.

We’re we’re in self storage, mixed use, and office space in Albany, NY.Working on a new space to house a daycare now.

The 1st PPP helped a lot with our self-storage employees, but we're okay right now.

Again, anything constructive or that you feel might help someone in my shoes would be greatly appreciated!

I remember listening to a bp speaker about how he converted a deserted mall into storage facility.