What I've found so far is the property has to be self-managed for the first year and you either need to live in it 14 days or 10% of total days it was available to rent, whichever is greater. 

Whichever strategy that you choose, run your numbers, and definitely consider all the other benefits of owning real estate i.e. appreciation, loan pay-down, potential housing expense decrease and/or cash flow. 

Through the program, the state will give you 20% of the down payment or $150K (whichever is less) at no interest.

And then for my main picture, the first thing people see, I'm making sure a boat is prominent, a semi or RV (whichever is a bigger market in my area), and a traditional self-storage space.And then you are going to look at the marketing copy of your competitors.

Do you know what you're doing in which ever way you're going?  

Good luck with whichever path you choose.

I'd start at with doing anything you can to be exposed to whichever side of the industry interests you most.

When we spoke with them, they said, "If the common elements are restricted, then whichever owner or owners are benefiting from those limited common elements are accountable.

I'd start with whichever is closest to you, learn your market.

If we go with a month to month option we increase current rent either to market or 10%, whichever is higher, for the convenience.