Now he has a 'mgt office' at his self storage complex, but when we had lunch last week he was off to show a unit. 93 yrs old! 

You can also factor upsides like splitting meters, charging tennants for utilities, carports, storage or garages.

I left the job after the season and got a job as a property manager for a Storage Facility.

Appfolio is telling me I can use the program for self-storage as well as apartments.

Anyone offering loans with an ROI for the lender below an index fund better have a good explanation for why they are doing that.To wit: The 30YF Fannie/Freddie stuff can be down below S&P 500 index fund because Fannie/Freddie purchasing it on the secondary market amounts to a big fat subsidy. 

Our cars might be in friend's house or in the storage unit.

I run ads regularly for my storage units.

I'll defer to our lending gurus to better fill you in on that end of things, but certainly you should look for ones that are in the path of progress, have additional revenue sources (think storage, laundry etc), or potential therefor and/or have scope to add a bedroom or another unit to increase the income.

@Elijah FastYour lender and possible your insurer will require a Phase 1 assessment .... this is predominately a visual inspection and paper exercise (costing anywhere from $750 - $2500) with the objective of discovering any potential contamination of the property (or demonstrating that there is none).An abandoned underground storage tank (UST) is something which should be disclosed by the vendor (it appears that it has been in this instance), but it is an example of the sorts of things a Phase 1 ESA looks to discover.Depending on the results of the Phase 1, you may very well be requested to continue with a Phase II ESA.Having a Phase 1 lets you know what you are walking into ... which is why lenders want them.  

Storage?