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I am new to this site and new to this industry. I am researching the possibility of becoming a self-storage owner. My plan is to purchase with as much financing as possible to minimize my out of pocket expense up front. Ideally, I would want a good manager already in place or hire someone to manage the property. I don't plan to be involved in the day-to-day operation but would be involved up front to learn about the operation. Are there typical numbers in percentages of purchase price that can be used to determine if this is a feasible choice for an investment and cash flow? What kind of reasonable monthly cash dividends could I expect? I don't expect to "get rich quick" but would need enough monthly cash flow for living expenses.
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