Real Estate is a poor hobby, so when people ask, I like to be 100% truthful!  

I have my hobbies for sure and I could do some serious scuba and skydiving but I need to do something.

I think a lot of people go into business either with a specific idea or with a hobby, not realizing that's one of the least important aspects of running a business.

You're lease agreement is your lifeline that makes this a legitimate business instead of a nightmarishly expensive hobby. 

Sounds like you’ve got some really cool things going on — love the mix of real estate and creative hobbies.

The ones that are able to create a sustainable business, rather than a “hobby”, spend $10,000 + monthly on marketing.  

Quote from @Bob Avery: I know this is contrary to a lot of the opinions on this forum, but if you consider the common case outcome rather than the best case outcome, you would probably be more successful in real estate if you choose engineering/medicine/law/business as a profession and real estate as a hobby (with tons of disposable income to dump into down payments and banks willing to lend you money) than you would be if you choose real estate agent / property manager as a profession.Totally agree!

Treat it like a business and not a hobby. 

Where I am in my life $2,400 isn't life changing, so worst case it's is an expensive hobby...But I closed on home as a buyer agent earlier in the year, so that will pay for the next 2 years.

Hey Alex,I have a similar property in boston, there are tons of contractors who may use it for storage/light use without having clients needing parking, we have rented out spaces like this in the past also to hobbyist who don't have garages but want to have a space for to conduct their hobbies, feel free to dm me if you want to chat more