Be careful not to violate any Fair Housing laws during this process.

With value-add, I know I'm getting at least some of my capital out when I'm done and I'll end up with a house that should not need any significant cap-ex for quite a while.I'd do turnkey too if the numbers looked good enough but the reality is in the market where I have boots on the ground you're talking about close to 60k between down payment and closing costs for maybe $200/month in cash flow.

A recent study showed that 80 people are moving to this city every single week, which will continue to increase housing demand. 

Currently situated in San Diego and can only afford rent for now because house prices in SoCal are bonkers.

One week into 2025 and the US housing market is facing considerable new challenges. 

@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.

A 50% LTV on a $120K house at 7%, 30 year Am results in a $400/mo interest payment.The cashflow on your existing duplex goes to $1,000 per month, but now you can buy another just like it so yoru cashflow goes to $2,000 per month.  

I have always had an interest in flipping houses because I get really excited to see run-down houses, walk through them, and come up with a design plan.

House Hacking is a good route to get started. 

You are renting a home and not just a house.