I spent alot of time driving around over the summer and it appears that it's experiencing a mini-boom, lots of old downtown storefronts, formerly vacant, now open with new businesses, a California company purchasing the local hospital (presumably for expansion), a very large community college, etc. 

So I guess I am looking to build a network of all things real estate accross the accross the county professionally while looking for any off market self storage facility opportunities in the areas stated above under the 2 million mark with expansion possibilities.

This property will enable us to own the full lot and opens us for further expansion and buildout (strategic purchase for us).

From there you can see what the area's needs are for tenant expansion plans and which one pays likely the highest starting rent and has the lowest cap rate exit resale value.That highest use from the report might not be allowed or wanted for your site.

The benefit to the QSR selling the real estate is that they can raise capital for existing expansion and typically they can Sell the Lease off for a longterm like 20-50 years depending on the tenant.  

. - known coming expanses.

Not necessarily a deal-breaker, but needs to be accounted for in extra cost)- Lathe and Plaster has pros and cons (Make sure you know them)- Insulation in modified walls (Old houses tend to have wooden expansion walls built against stone exterior walls.

It doesn't allow for the expansion of the family and generally, the living quarters tend to be smaller than people expect in a SFH.  

I have two rental properties (SFH/Duplex) with a fairly hight debt to income ratio as result (~40%), but have a solid government job and plenty of investments in financial markets to be considered financially healthy....

As a newbie to the self storage arena, I've been focusing on 50,000 sqft and under - some sort of value add (expansion, improved online platform, insurance, etc.) - priced under $1mm - drive up possibly with some parking - stable or growing population - limited chance of increased competition - good visibility - etc.