Storage occupancy rates during past recessions has remained relatively stableFor example, during a recession, when folks downsize from a 3 bed/1 bath to a 2 bed/1 bath, those people, historically, keep their belongings and put them in storage.Also, during inflationary times, self-storage operators can better manage rates because most leases are month-to-month.

I'm getting a lot of folks who are looking at a similar path or who may have already done it and don't realize all the added compliance.

It doesn't matter if they are elderly country folk or not.

I'm gearing up to make a substantial investment of around $200k in Florida's real estate market in 2024, and I could use your insights.I'm torn between Tampa and Orlando.So, folks in the know, I'd love your input!

Check deals closely and link up with folks who can help.

If you approach this business with the mind set of stealing the seller's equity - you are not going to be successful - remember you are dealing with folks who have a serious problem - show some empathy first and you will win in the end.

As that will at least help folks that you reach out to know that you are a real person, with a picture and professional bio.

And there are plenty of folks here on BP that we've worked with.

@Alexander MerrittYour original question was great and the replies you are getting from folks on here are amazing as well, but it sounds like you are trying to convince them of a decision you've already made.  

The only folks that would encourage this strategy would be a lender with something to sell or someone that is not an operator that had to scrap and stress his/her way to success like most of us.