The total cost for this monthly for me is $1.00 fee for online payment for Sevier County, TN and the .73 cent stamp for Blount County, TN.

AI costs $.02 per property analyzed - so narrowing down in step 2 is there to keep the cost low and the list targeted.

Cost of capital is high right now. 

@Luke Spencer I am not on the management side but I can tell you it took 2+ years to fill 300 units at one of our facilities and the other just hit 300 units in 12/13 months so it really depends on the demographics, and local housing market trend, the more people moving in and out the higher the demand for storage.I think if you're looking at a saturated market then the upfront cash to turn the warehouse into self storage is not a good idea but then again, maybe those operators are on back roads ( low visibility ) and don't push google ads well.

For cash-on-cash evaluation of rental properties, it is critical to identify ALL of  your acquisition costs. 

Costs before that (during remodeling) are added to the basis.2.

.: Quote from @Alan Asriants: Hey Carlos, all depends on your lot size, what kind of unit you can build there and the rental return you can get. 

Your 'cost' should include everything, from land purchase, soft costs, holding costs, and hard costs.

'well it depends'.

Ask for seller concessions to cut down closing costs.