He has lived here his entire life, and knows the area very well, and he is a general contractor and has been remodeling homes in our area for 20 years.

Instead, investing should be a means to taking care of our needs and improving our life style.

Don't make your life more complicated than it has to be.

HELOC can be good for this situation - then you can pay it down and use it again for other life events etc. 

There are deals in every market if you know how to look for them and there are strategies that work in every stage of the cycle.

Life is financially good even without doingSelf Storage.

Some places do this annually, some places do a portion of the town every year giving them a total cycle of about every 4 years, and in my area it’s common to do a whole town reevaluation every 4-5 years.

It takes walking new investors through the process from real life lead generation to acquisition, renovation and disposition. 

So to that end they are new to the game never went through a deep downturn cycle.

As I tell a lot of my investor clients I work with, with any real estate that you buy, you want to hold for the rest of your life!