He advised against mediation as tenant has already become unreasonable with his demands.

Flipping it will take time if you have to sell.Plus a home like that doesn't lend itself to a LTR unless there is a demand for high end rentals.What I would like to see is some examples of what you are looking at along with basic numbers you have run so far.

Hearing that you get bombarded with inquiries is great to hear and gives me more confidence in my local market for filling a demand.

@Luke Spencer I am not on the management side but I can tell you it took 2+ years to fill 300 units at one of our facilities and the other just hit 300 units in 12/13 months so it really depends on the demographics, and local housing market trend, the more people moving in and out the higher the demand for storage.I think if you're looking at a saturated market then the upfront cash to turn the warehouse into self storage is not a good idea but then again, maybe those operators are on back roads ( low visibility ) and don't push google ads well.

Research landlord-friendly states with high rental demand and leverage 25% down payments.

Give the PM a demand to make you whole.

Instead, he wrote a threatening letter (first contact since closing) and demanded thousands of dollars. 

It has a lot going for it from a long-term rental/cash on cash return perspective, but I’m not too sure about short term rental demand and occupancy.

But yeah, loud n proud about "milking his milkers", getting $ on demand.

Target neighborhoods like Brewerytown, Kensington, and Point Breeze, where demand and ARV potential are currently strong.Your skills in renovations will give you a significant edge in controlling costs and boosting returns.