Personally, and what I would do for my clients, I would connect with a local community banker to discuss the property and see if their bank would entertain this type of financing (not all banks like doing this type of deal).

Ken, I would prefer to do that, but I wasn't sure if any banks would offer that type of loan or line of credit.

- Value add - What other types of value add is typical for self-storage? 

But I do know our city needs a lot more of the first type. 

I've had lenders offer products I didn't know were out there for buying certain types of properties as well.

This means that sometimes the insurance will be higher than you would think it would be or need to be but be warned; insurance is a "get what you pay for" type of transaction.

I told subsequent tenants this once I moved out of that unit and have never have had a problem since.

Does anyone know any type of real estate meet ups that are happening in Chicago in the month of January?

I do see many investors incorporating a similar strategy with new construction builds, heavy rehabs, or in instances where the property was bought far below market value (usually a wholesale type transaction).

You now don't seem like the type of person most of us would accept a recommendation from.