If you have $210,000, you can easily make 10% as a bridge/hard money lender in your local area.

Make sure you check the local ordinances / zoning and talk to the local administrator to see if you can do what you are planning.

But they are usually a bit expensive I believe.I would also go to your local REIA and ask around there.

@Nadia Jones Starting and running a fund is a separate business because it's something that you need to actively market for and regularly work on attracting capital to invest in. 

@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.

As a Florida Real Estate Attorney and Investor, I have seen investors do their best networking with local groups.

since purchasing the property with a 10% down portfolio loan through a local bank, I have done extensive repair work and renovations.

@Kyle Carter just because a building has all section 8 tenants doesn’t necessarily mean that the cap rate will be higher on exit but it might attract a buyer(s) that are focused cashflow and not appreciation; therefore a lower price to juice the yield.One of my non negotiables if I were you would be to only buy in an area that is desirable.  

I own a unit at a local condominium complex and am having issues with timely response from the HOA. 

If you are an agent and local you should be able to scout the areas.