Self Storage Analysis

[Daniel McDonald]

Hey everyone,  

I haven't done any commercial deals before but have always been interested in self-storage units. There is one, in particular, I have had my eye on due to a connection to the location and potential for value add, but I'm not sure how to really even analyze it and approach the situation. I am fairly confident I know where the owner lives. Do you recommend writing a letter? And if by some crazy chance they're actually willing to talk to me what is the best way to conduct the situation? Is this too much to handle for a rookie? I have a couple duplexes but again haven't done anything like this. Thanks!