The mean reason for business failures are usually undercapitalization meaning they run out of money before they can figure out a system and successful process for growing and scaling while maintaining healthy profit levels.TI's can vary greatly.

I get it, we read bigger pockets posts about people getting 250-300 a door and you do the math, if I have 10 rentals at 300 a door, I can basically quit my job or scale back at work.

I hope to post this deal when its done as I learned a ton and hope to get feedback on ways to scale after. 

283 Storage Unit Facility - residential area close to Oklahoma City.almost 2 acresTotal Sqft: 26,400Price per Sqft: $10.80Price per Unit: $1,007.Unit Mix:130 5x10 109 10x1044 10x 20My thought on what Market rate rents would be:5x10 - $5510x10 - $8010x 20 - $160Property seems to be in excellent condition - on a scale of 1-10 it would be an 8.

It's a tough job to scale well, and many don't scale well.

That could be a really unique challenge and interesting way to do a small scale development.As we get further along with the project I'm happy to share with you!

You're entirely correct - 3/4 units will be the most fruitful investments because you have economies of scale and you tend to have larger units increasing your rental rate significantly.

Um, start looking for a new lender, yesterday.I would consider selling your existing rental and doing a 1031 exchange into a larger, MFR property that will provide better returns and show some efficiencies of scale.

The results that you have today in form of your savings account and your credit score will translate into similar results, just on a larger scale, when you start to invest in RE.

I am a business owner which I have managed to build and scale successfuly it is typically an overnight venture (Commercial Cleaning.