I'm not going to disagree with you, this is what caused me to question holding the properties to begin with! 

@Snehann Kapnadak@Hadar Orkibi I disagree with actually raising the money first.

@Chris Youssi I disagree that any of your top 3 will protect you from a major down turn.

But as I said, if you disagree with the expenses, add all expenses you think are missing.  

Therefore I would recommend having a lease that someone else provides to you examined by a Real Estate attorney.Good luck.

I disagree with most of the above.

@Lane Kawaoka and @Michael Wagner I am respectfully disagreeing with you on self storage being a passive investment at least in our experience.  

I recently passed my exam in california and just signed with a small brokerage.

Its also within 30 minutes of Springfield, OH, which in itself is 3x larger than Troy Not disagreeing, but Ohio does not have public transit to speak of.

And that some will disagree with as well."1% rule" = monthly rent should be at least 1% of acquisition costs; for some, acquisition costs include all purchase related costs PLUS any repairs / improvements needed immediately upon purchase."2% rule" = monthly rent should be at least 2% of acquisition costs; this rule applies more so for lower rent amounts, roughly $500 (and lower), and can be difficult to meet this rule at higher rent amounts.