I am wanting to get more into the flipping side since I have leverage and can do the rehab at a fraction of the price compared to somebody else.

IMHO the key is having an agent on the buy side who understands the process and can make some magic happen for you. 

Purchase price: $5,000,000 Cash invested: $1,450,000 Complete combination and gut of two lofts side by side resulting in a 4,000 square foot home.

If your doing an FHA and plan to stay in one side you have to figure out what that would benefit you.

@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.

Live in one side and renovate that side, then after the lease for the other unit is up move into that one and renovate it.

Though they seem to have great reviews on their property management side of things.

When it was time for inspections, they told me, I can’t do that and the area is not deemed for multi family- which is a lie because both houses on either side of mine were duplex.

Example: you can option to have a fireplace with two windows on either side.

And one side was already leased.