So yes, non-recourse loan is a must to keep the sharks from totally devouring you.More important than asset Class or Type is investing in an area with a diverse, robust economy and a reasonably mild climate. 

Are you in the section of town where people want climate controlled storage for their painstakingly restored 1969 Mustang Shelby GT, or are you on the developing side of town where contractors just want a place to store excess building material in a box? 

While completing the repairs, I'm assuming you may need access to lights, water and possibly climate control, so you'd need to get the utilities in your name during this period.You may even want to backdate the service to the date you became legal owner because you could be currently racking up some costs if the A/C is kicking on or you have a leak anywhere.

I’m thinking storage to other biz or general public as the best options (would be climate controlled) or possibly a crossfit gym.

This one is climate controlled, 60k sqft with 500 units.   

I’ve had to rebuild and everything, but the climate is so different now.

Increasing number of powerful storms with climate change. 

I guess if you're in Miami and it's done that way, I'm feeling like Colorado will be OK, since the climate is much drier here. 

Depending on how your command climate is you might want to give them a heads up but only you can determine that one.Be transparent with them and don't force them into anything they don't want as you'll be seeing these people around quite often, at least for a bit.

Getting ready to add some more climate control.