In Delaware a lease automatically rolls to a month to month lease if no renewal is signed and 60 day notice is required to vacate (or to give notice to move)  If you prefer to have it vacant in the summer then give her notice to move and not leave it to chance. 

Self Storage Project Worksheet Drive up StorageNotes:Land$200,0004 acres at $50,000/acreSurvey$7,000Site, elevation and building layoutFence$30,000Black chainlinkGate system$25,000Automated rolling 20ftEngineerif needed; $30,000 to $60,000Dirt work$15,000Slight roll, no dirt brought on siteBuilding demoif needed, $15,000 to $60,000Electrical- site$7,000building lighting and office if needed, LED.Electric polesif needed; $2,000 per pole.

In essence, after two years I would have turned a $192k down payment into $284k equity (minus agent commissions and closing costs).After selling the property, my plan would be to roll this equity into other investment properties through a 1031 exchange.Questions:Is this a good opportunity? 

That will roll nicely for a while, then they will fall into the same pattern.

Roll money into paid ads on Facebook or YouTube.

Understating expenses, and overstating rent roll and occupancy, by lots.

Consider financial questions- Rent Roll, Major CAPEX expenses in the last year or two., Inspect Mechanical items, Water Heater Age, Roof, and Appliances. 

I plan to work with a graphic designer to create the majority of the packet and be able to insert private information, PFS, current rent rolls, credit reports, etc.

I just rolled with the tide. 

So my plan is to purchase the property, build a quadplex and once completed roll the land and rental into a consolidated VA loan at 0% down, no funding fee and closing costs rolled into the loan.