I’m working on analyzing the following self-storage properties and wanted to see if my approach makes sense.

This approach can help keep your taxable income lower, thereby reducing your PSLF payment amount, which is calculated as 10% of your taxable income.

That’s a great approach!

Since then, I've learned more into my build, design and project management skills, taken everything in house, gotten my GC license and taken a more hands on approach.

Cincinnati is a great market to start, in my unbiased opinion:) A lot of opportunity and different avenues with LTR/MTR/STR approaches.

Also finding a way to fund a deal to actually present FIRST sounds better then approaching them with a bunch of hypotheticals and "what ifs".I also agree about the funding.

Sales/market, cost and the income approach. 

However, as you mentioned, appreciation is tied to external factors, making it less predictable in some markets.Greater Toledo Market:When looking at the Toledo area, there are certain neighborhoods where appreciation potential may outweigh cash flow, but it requires a strategic approach.

This approach protects the investor’s capital and allows the project to continue operating and eventually regain value.3.

I'm guessing that it will be something like 10% to 20% but definitely not 40%.The one caveat on this is that for bigger buildings, the assessment is based on income approach, not market approach so they may not be getting assessed as high as the market approach.