Also keep in mind that the size and leverage component of your equity position on your balance sheet should drive your perception of risk relative to the size of the note you're being asked to kiss. 

Im always curious to see other people’s perception of what they consider profitable.

But, the main difference I see is I average about 2.5 years per tenant vs a weekly (my perception) STR.

What cannot be assessed is the realistic projection and local perception of the location of the property.

A project like this is all about PERCEPTION more than price.

In some cases, once you take vacancy cost and association fees into account, it may not be possible to make an acceptable profit.Maintenance CostSome people choose condos due to the perception of low maintenance costs.

In retrospect, I should have had it set to siren when I got an email.

@Michael Wagner hit the nail on the head (and so did everybody else) - this is goiong to vary based on location, the perception of "need" in the area for self storage, and (sometimes) in how you've actually make the facility look from the street. 

@Sylvia B.That's very perceptive of you.

If you have what was your perception, did it work, was it easy to use, is it worth the money?