Baltimore could be your ace-in-the-hole, but it's not a place I know well enough to speak at length.

Hi all,I own two rental properties in Ventura county.

Viable rentals obey the formula:FMR * 0.5 - vacancies > mortgage fair market rents:- very community oriented 0.5:- is the 50% expense rule vacancies:- losses from standing vacant, community oriented mortgage:- purchase price, down payment & rate sensitiveThere some locations (eg: San Francisco, Silicon Valley, Ventura Cnty CA) where prices are thru the roof and it's impossible for a new investor to just buy-in.  

@Rainiel De La Nuez I hear you, I'm in Ventura and that' s pretty much what prices are like here for 1bd apartments… Daytona was originally at the top of my list since it is near the water, seems to be a "fun" place to live, while still having a wide variety of neighborhoods.

Always fun when they think they got an Ace and just bluff it.

In that area you should get about $500 month per spot, hopefully 2 per 1/2 ace lot. 

I don't know too many developers and It would be interesting to chat over the phone about some of your ideas and how you got into that.DM and lets connect soon.Best,Ace

Quote from @Ace Goodrich: Quote from @Stephanie P.: Quote from @Mike S.: Hello BiggerPocket Community,Long story short on the clock with a low 7 figures in a 1031 - what would you do?  

If you like, you can certainly go to my site or google 7 search the internet to see what I or others (including Inside Self Storage, Self Storage Association, & other articles say about it) at least to give you a preliminary idea as to what will need to happen so you have a decent idea and can therefore build upon that foundation.I'm a big fan of "aces in their places" , so if you don't have much experience in Self Storage Management why would you want your multi-million dollar facility in the day-to-day hands of a newbie?

My situation similar, I bought a fixer upper last June and been living in it  but the property is on 1 ace and perfect set up to build 12 townhomes.