If it would concentrate on rent collection only and do it well, it might be okay.

Future enhancements include the planned Silver Line rail alignment with nearby stops, as well as potential commuter bus services, pedestrian paths, and bike lanes.The development benefits from proactive rezoning by the city, transitioning the land from industrial to mixed-use urban development.

@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.

Welcome, hope all is well

I picked up a home for $422k that does $8k+month in revenue, some months well over.

How well does your property cash flow?

There are a lot of idiots out there overpaying for deals right now...well...that always seems to be the case.

In the LOI, should I put my name and the buyer as well?

If you're not sure of you preferred direction with your next property I would invest in understanding investing more thoroughly and read 5-10 books as well as speak to other experienced investors.

Hopefully, by year 3 the market will be good enough for a refinance as well!