Could I turn this into a business model?
I bought a piece of property that only had a metal building on it for 30k. I rented out the building to a gentleman who wanted to use it as storage for his classic cars that currently brings $500 a month in rent. After that I bought a small 1/2 acre parcel and built a 24x36 metal building on it. This one is used for a woodshop and brings $700 in rent. The costs are relatively low, I can buy the parcels pretty cheap, spend around 5k on a concrete pad, 2k in electrical, and 2k in plumbing. The metal buildings range from 15k-40k depending on size. Does anyone else have a similar business model? Should I keep going? I would like to continue this until I have around 5 or 6. Pros and cons? Thanks in advance!