I know some municipalities allow the property owner to obtain permits but  that in itself is a huge issue in many areas and secondarily insurance is critical in this business.

If I did this, I could then transfer the land to my LLC or allow the LLC to lease the land from me for the storage facility2.

Oh heck yeah they exist. people who could do a lot more then there funding allows, oh-yeah those people exist. 

Each individual needs to assess their own ability to handle costs over that time frame when cash flow may dry up.

I call the process "thinning the herd", and each year I evaluate the property performance and either take actions to increase the individual property performance or sell the under performer. 

To scale successfully you have to get past the point where your newly increased expenditures exceed your increased revenue; past the point where your ROI allows you to “break even” on your investment, and past the point where the ROI is worth the increased risk, the increased aggravation, time, and “lifestyle” change, and past the point where you can step back from “operations” and concentrate on management.  

You'll probably need a co-borrower and someone to gift the down payment.There's a Conventional loan (FNMA family opportunity loan) that allows your parents to purchase a home for you (and potentially roommates) to rent while you're still in college.

Which would allow you to escalate that snowball payoff without having to use part of it to pay the tax.

Change orders are going to happen, but by needing approval from you before they move forward, this allows you to control expenses better and/or make adjustments in the SOW so that you can stay on track and on budget.

Then split bottom line 50/50 with the partner (individual) after all other expenses are paid.