Little back story since I'm missing the pow wow today due to work. I was talking to a realtor and she sent me this facility which is 30 minutes from me. I'm in the process of underwriting it and aside from adding tenant protection what could I do to raise income on it? Tentatively I would need 1k a month in income just for the loan which IMO cannot be done with this place after expenses which is probably why its still on the market five or six months later. Either way I figure do the underwriting to better understand it. I was all hyped up until I saw the expenses and such.

What would be a good way to find sqft of rentable room when an owner who is selling does not know the sqft nor cares to remember. I thought I hadposted the sqft on here but cannot find it. It was an off market offer so its not on Realitor listings.

Ok, I found an offer by owner and its not even on the market yet. How would I underwrite this thing. If im reading his information correctly its 28 units and 60 RV parking. Location is just north of OKC. 2 employee for 100/per for the month (Personally don't sound right to me) and expenses total 700/month. Cash flows 8 to 9k a month. I guess my question is just how do I fit the parking spots in the quick analysis tool? My mind is telling me this is far from a 1m dollar deal but if its something to go after as a first facility id like to. I have to have a letter of qualification to get any more information from them which is also turning me off on the deal.

This book 'The Breakthrough Code' is AMAZING. Exactly the book I didn't know I needed right now. I'm almost finished reading it. Perfect book for my mindset to stay focused, to go even harder and to keep pushing to find my first deal. Just wanted to say thank you for the recommendation @Dave DeMink

Submitting my first LOI on a storage deal — and wow, the nerves are real... but so is the excitement. It’s been a journey learning how to underwrite, analyze returns, and craft offers (thanks ChatGPT) — and I still have so much to learn. But today feels like a milestone. One step closer to real momentum. 🙌🏼 Appreciate this community more than you know. More updates to come as I continue to sharpen my numbers and confidence in this space. Let’s build something big. 💥– Jen