Did you do traffic studies and population analysis to verify the potential of the storage for your area?

Hey,So after exploring all the different options I have decided that my best best is to develop a multi-family in these areas.

It works for small/medium landlords, but in the long run it makes no sense for large landlords who may pay to have an in house software developed themselves. 

Tulsa has some promising areas for new construction, especially at the price point you're aiming for.You might want to check out East Tulsa and Broken Arrow —both have been seeing growth, and new construction options can still be found under $200K in some developments.

The IRS requires the hours to be specifically in real estate trades or businesses, which typically means activities directly related to owning, developing, operating, or managing real estate properties.IRS Publication 925 outlines what counts as real estate trade or business activities, like development, construction, acquisition, management, leasing, and rental operations.

Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?

King of Prussia Mall will soon house Netflix House, offering escape rooms, live events, and more in an immersive experience set to open in late 2025.These entertainment-focused developments highlight a broader trend toward creating mall spaces that blend shopping, social activities, and community engagement.

Yes In Gods BackYard (YIGBY) is an incentive program many states offer that allows churches and other religious non-profits to develop low-income housing on their land with speed and cost incentives.

Both have cooled somewhat recently, but not enough to make a difference for Maricopa County’s population of 4.6 million, which has grown by more than 20% since 2010.

We should have a lot less residential development being delivered in the next 1-4 years, which should shift the supply and demand for long-term residential and should have increased organic rent growth in the future as we saw from 2017-2020, but counting on that as an investment strategy probably isn't the best idea.