self storage presentations

[J Robert]

Happy Labor Day!

I'm purchasing my first self storage. It's a small lot with a 1/1 SFR for the manager (ie. that's me until I learn the ropes), around 25 units, and a couple spots for parking. It's a great value add because its a mom n pop with no systems in place, below market rates, and a little room for expansion - maybe more.

I tried the BRRRR calculator but it confused me.

The intention is to buy and hold. To implement systems (evictions, rates, contactless, etc.). To make minor/major improvements (rehab, noke, single units, etc.). To stabilize property, refy to repay lenders, and hopefully repeat.

Knowing that this project won't take more than six months to a year to completely turn around... How do I show the before and after projections to a potential investor/partner? Or present this to a Credit Union? without making it look too good ...in order to get financing?

Thank you in advance for any help or critic.

-J