In addition it is my understanding that if the units are uniformed, it usually means that building was designed mostly likely to be an apartment building not some warehouse / old big house turn into an apartment building.

Nick, we are focusing on turnaround projects and/or converting warehouses, supermarkets... to Self-Storage.

To be an FHA direct lender you need to meet the following requirments: 1)Certified original audited financial statement with adjusted net worth of at least $250,000 that has been prepared within the last year.2)A senior corporate official showing at least 3 years of experience handling FHA affairs (loan origination and servicing background) 3)Multiple credit and background checks to verify legitimacy of the heads of the institution.4)$1 million warehouse line of credit or equivalent funding program to show liquidity and lending power.5)Business plans, quality control plans, E&O insurance policy, sanction letters, fidelity bonds and other formalities to provide security.As you peel the onion it makes more and more sense why some lenders offer certain services & products and why others simply don't qualify to do so.

That type of thing you are better off renting very cheap warehouse space and creating the product.

I'm going into this with a buy and hold strategy and I want to generate cash flow, I would love to start in commercial (storage units and warehouses) but nothing in the areas I have looked are either for sale or in my price range.

Honestly, being a California boy, I didn't even think about the temperature.

Such may be applicable if you were buying truck loads of sheetrock and plywood storing it in a warehouse for future use.

@Karen Margrave We do have plenty of discount building supply stores here (Seconds and Surplus is right by my house), and BuildDirect.com ships to a warehouse here, too, so I should be able to get pretty competitive pricing on materials.

I have a storage unit I use as a warehouse to store all my inventory. 

First, any area where the soil has a heavy clay concentration and temperature extremes is going to have similar conditions.