To be fair, these kinds of deals have been much more difficult to come by in the last year and a half with the recent increase in demand.

However, real estate is considered a fairly illiquid asset since real estate transactions are typically very complex and expensive.With new technology, real estate may no longer be considered as illiquid as it once was.

Was perfect for me at the time because I got some experience managing tenants and it dropped my monthly housing expense a fair bit while I got to build some equity. 

I'm fairly new to the BP community, have been listening to the podcast since January, watching the webinars, bought most of the books and am currently reading Brandon's "How to Invest in Real Estate."

If you are getting 15-20% IRR (which is fairly common) then you will be set up pretty well to keep growing your wealth 100% passively. 

I ran the sold comps for the landlord and gave recommendations as to what to present to the tenants as a fair market value purchase price for the first right of refusal.

I'm pretty confident that I'll be able to find a new tenant fairly quickly as the rent is around 10% below the median for comparable apartments in the area. 

Being that it's storage units, maybe the building part is slightly more straightforward and less costly compared to residential developments, but in my work of primarily residential construction, those two areas are generally split up between a developer and a builder.

Any 3 bedroom SFH in a decent neighborhood within 30-40 minutes of my house is fair game.

The decent producing Realtors, the ones that sell a fair amount of homes, already know what's up and aren't doing a lot of hands on hips drama routines with pointless threats and all that (top producers never do drama routines anyways, it's a characteristic of being a top producer, and in case someone takes this as gendered commentary because I referenced hips, it is decidedly not gender specific, drama propensity is equal opportunity in this case), but the lower producing realtors are all working on their Ph.D's in Drama Llama Sciences.