Purchase price: $800,000 Cash invested: $100,000 12k ft2 Unit A class Climate Controlled Storage Facility What made you interested in investing in this type of deal?

My name is Dave Conley and I'm looking at getting into investing in Mobile Home Parks and Self Storage.

If the cash flow isn’t strong or the market shifts, you could be stuck with high-interest debt.Alternative Funding Options:HELOCs/Second Mortgages: Since you’ve already used a 2nd on your primary, a HELOC might not be feasible, but it’s worth exploring for future deals.Private Money Lenders (PMLs): If you can find a strong cash-flowing deal, PMLs might be more flexible and less risky than business credit.Gap Funding: If you can find a private lender to cover the gap between your down payment and the financing, that might be a safer play than leveraging high-interest credit.STR Strategy:If your existing STR is only breaking even, be cautious about taking on more leverage.

Meanwhile, small-bay flex (5,000–15,000 SF) is still quietly absorbing at sub-5% vacancy while buildable land gets more scarce.Our approach is straightforward: prefab metal buildings, full HVAC, modern windows, and outdoor storage.

Wiring alone would be 10-15K+, I don't see 30K being feasible on a rehab.

I'm just not sure how feasible it is for us personally. 

The work is necessary to improve the property's value and cash flow potential.I’m considering a few different financing options but would appreciate insights from the community on what would be most suitable for my situation:Personal Loan: Given that my renovation budget is $20,000, I’m wondering if a personal loan could be a feasible option.HELOC: If available for investment properties, this could be a good way to leverage the equity I already have in the property.

And just as @Chris Seveney mentions, there is a minimum amount of property value needed to make a syndication financially feasible.

Commercial- Multifamily, Storage unit properties, and Industrial warehouses (with roll up doors for our tenants)Residential- Distressed SFH (value add opportunities) and will acquire trailers (as long it’s salvageable) with the land being included in the sale.

Can I hack a large/double garage to rent out as separate storage/shop spaces?