Also, what market cycle does self-storage more closely mirror, industrial or apartments? 

Was just going to tag in from an accounting standpoint - Reserves are recorded on the balance sheet, not on the income statement (which mirrors the Schedule E).

However, I think the market here in my area of Ga. mirrors the low inventory situation there.

There is a safe harbor (sort of) at 2 years with specific use requirements from the IRS but again the safe harbor is not meant to be prescriptive but only descriptive of one period that would be acceptable.Best advice - say your explanation to the mirror. 

I am still in the discovery phase and haven't decided where to invest but I have hesitations about out of state investing that mirror what you've said.

Mirror them as much as possible.

Why no light fixture above the mirror area?

This makes your Income/Expense accounting pretty easy when you only have one or a few properties.For tracking expenses, the best thing I’ve done is to setup a spreadsheet that mirrors the IRS Tax Form Schedule E Part I.

A base would be $100 + per door but I also target properties having the ability to increase rental income short term.The majority of investors claiming high cash flow from day one can do so because they are low balling long term expenses or using the smoke and mirror tactic of high down payment or even full cash purchase.What novice investors fail to understand in paying down the mortgage is that it has zero effect on the positive cash flow from the property.

The wrap will mirror the underlying loan.