I will provide an update when I hear back or have substantial resolution to my issues.

This designation doesn’t cost extra or give the manager access to insurance payouts but ensures you and the property manager are aligned during incidents, such as tenant lawsuits or insurance claims.

Any lender should be able to easily do a HELOC for you (provided your credit is OK), but a local credit union will likely give you the best deal. 

Here is a link that provides fantastic information on the turnkey investing option from BP. 

Feel free to share any specific questions or scenarios you’re working on—I’m sure the community here would be happy to provide insights.

Hi Mike,First, I want to emphasize that my intention was never to provide misleading information.

Quote from @Caleb Brown: Someone else asked but what would market rents be including the extra storage?

I just found out today that one of my tenants didn't pay rent and was sent a pay or quit notice but the notice provides them 30 days to pay or quit. 

-Have an extra umbrella policy-Speak with my real estate attorney to make sure I did enough to limit my liability. 

This may provide low cash flow up front but it is a way of scaling if you are good at adding value and then trading up that value.