I manage hundreds of rentals and have had thousands of tenants, but I've never been sued once.

@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.

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.

I has two GREAT property managers that immediately come to mind, one handling 5 high end high rise condos I owned in Phoenix and the other one handling a 12 unit very lower end apartment building I owned in Arlington, Texas.  

Do you recommend making relationship with property management companies?

Recently, management changed it so both loans can be made with one payment versus two separate transactions. 

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

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.

Good pro tip is to not tell the tenants you're moving into next door that you're the owner but just affiliated with the property manager.