@Luke Spencer I am not on the management side but I can tell you it took 2+ years to fill 300 units at one of our facilities and the other just hit 300 units in 12/13 months so it really depends on the demographics, and local housing market trend, the more people moving in and out the higher the demand for storage.I think if you're looking at a saturated market then the upfront cash to turn the warehouse into self storage is not a good idea but then again, maybe those operators are on back roads ( low visibility ) and don't push google ads well.

I am local to Los Angeles - based in Orange County.A bit about me: I’m a civil engineer by profession with experience in local government.

You’ll likely need to look beyond the city limits (in areas that are still close enough to the city to benefit from its local economic tailwinds) if you want to find deals that pencil out.

Please message me and I can answer any questions you may have on real estate, local meetups or the local area.  

That will give you a good idea of how it will go.Plus you can go over to https://awning.com/airbnb-estimator and put in some addresses and see the local competition.

I'm also hopeful to get some local cooperation now that he's claiming partnerships with local government. 

I say start there, exhaust your local efforts before jumping toward "shiny things" and unknown markets, persons etc.. 

Local CPI for this period is 3.6% so max increase in 8.6%. 

Feel free to reach out if you have any questions about the local market here or want to connect! 

You can also do value add STR & Multi-Family Rentals by starting with distressed properties and using a bridge loan to acquire them with a lower down payment compared to a DSCR loan.Networking – Connect with local investors, wholesalers, and realtors in your target markets.