I'm not a lender so I'll avoid weighing in on your first question.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

May be worth a $500 letter to agent (for E&O) and to seller for them to avoid litigation.

Avoid Credit and Liability Risk: Investing passively allows one to avoid being exposed to credit or liability risk.

If you don’t have an experienced self storage team, or access to a great property management firm, I would avoid that.

This is to avoid family members loaning money under the pretense of gifting. https://www.hud.gov/sites/docu...Consider yourself lucky that a family member is willing to gift that much money to you.

@Dave Spooner I think people may be leaving the Northeast for a few reasons:Harsh winters, since temperatures and snow can be intense in the region.Job availability is another factor since many companies are avoiding the region.The Northeast is also home to many cities with a high cost of living, making housing affordability challenging, especially as people lose their jobs.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

I'm seen houses gutted right down to the skeleton, ive always wondered if this was to avoid a positive asbestos test.

I always advise my client to be as detailed in the lease to avoid the least amount of friction with tenants.