Another time factor is the time to find properties that meet the criteria you choose.

BUT the other factors more than cancel this out.foreclosures, downsizing homes, more divorce etc during recessions actually creates NET more demand.. you will have some saying i cant afford my storage unit and leaving, but you have MORE move ins from dislocation etc.DENSITYthis plays on the trend of smaller units. in order to get more affordable rents, developers are producing smaller unit sizes.. thus where the hell you gonna put your mountain bike or kayak, or all the millenial faux outdoorsy crap.. all the millenials 25 green sweaters during the summer.the trend is smaller units, less cluttered, and these urban storage units fit the bill well. so more density and smaller homes, will create more demand to store stuff from regular renters, than there used to be.Another factor is in general, storage is more acceptable. the newer urban developments are safer, well lit, hell sometimes they have coffee shops below them and restaurants.. so they have become a bigger part of peoples lives.they are more accepted. hell, when my wife suggest a few years back we should get a unit, i knew the tipping point had been reached. its become more "normal" for people to have storage unit.If you look at the data, self storage weathered the great recession better than most any assets, MHP included which was #2. that is why financing has become much better on SS, and to the point BETTER than MHP for sure. 90% LTV!!!

The factor I will just management them with the help of my brother and handyman .

I am looking at buying a factory building that's basically 150,000 sq foot.  

Because of the nature of my REI business I'm in no shortage of content, however time is another factor.  I

Trailer factories around me make like 25-35/hr and I've already been in a few.

Okay the obvious factor is the truck payment. 560 is a little steep.I only owe 24k out of 41k at 1.99% interest.

Positive gut factor is pure emotion clouding your thinking.

I think it depends on if your in the business or you have a day job and your investing as a side line or as an alternative to other main line investments like stocks bonds and closely held companies.It seems to me those of us who do this for a living appreciation and or really forced appreciation is the play.. either buying cash flow properties that have been miss managed ( probably like what@Cody L. has done in Houston turning them around raising value through better financials refinancing them.. that's quite popular..Or others that are like myself developers.. we take raw land create subdivisions and build homes and work on a X factor not a rate of return factor.. IE

A big chunk of expenses are coming from my mortgage which I would shoot to pay off the loan asap from other sources of income but disregarding that factor, I am curious if that is a worthwhile number on a 3 unit building.