We manage several multi-family properties in FW. 

Hi Aaron,It's always challenging when companies go through transitions like this, especially when it involves something as personal and critical as managing retirement accounts.

You just need a good property manager.

@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.

Step 3- hire property manager to manage/look for rentersStep 4- look to refiance out of the hard money loan(how long after having a renter in can we refiance?)

With your background as an electrician, contractor, and project manager, you have a unique advantage in real estate.

However, before you do so you should ensure that your revenue from rental income covers ALL your property expenses in the townhome, including mortgage, taxes, insurance, maintenance/repairs, vacancy, property management, etc...

Assuming that continues and you manage your properties competently people will think you are way smarter than you are in 10 years. 

Especially after capex, vacancy, management fees, etc etc. 

If you love property management and want to start a business keep looking into it.Otherwise keep buying income producing properties to generate wealth.