The warranties are only as good as the builders ability to stay in bizzness..

@Dan BlaylockWe are coming out with a new product in the next 3-6 months that will be very similar to a partial where investors will have ability to get principal and interest payments.

Your ability to execute on a good strategy and be a good host is more important than the market that you choose.

I used there platform/CRM to get the place under contract but went about it my own way to find the buyer, therefore the speed of the closing was not representative of the companies ability. 

I'm just telling him he's underutilizing his site by going one story and if he plans to exit he should plan around what an institutional level self storage purchaser will want. development is about exit or ability to exit and risk. in multifamily we build or try to build at least 150 units. not 40 or 60 or 80 there's no buyers.

- How strong is their ability to pivot and execute the business plan? 

They don't expect you to live there for half a year, but it is more of having the ability to. 

My plan is to hold onto it as a rental property, targeting Section 8 tenants, as the rental income is quite attractive at nearly $1,500 per month.Here's the challenge: The property's purchase price and labor is below $40,000, and I'm uncertain about my ability to secure a traditional mortgage for a property at this price point.

I would evaluate the decision to add a balcony based on economics and the ability to attract good tenants alone.

I'm looking to acquire my first investment property and am inspired by your ability to do so at such a young age.