More storage equals happier tenants, and happier tenants equal bigger profits.

Maintenance costs are a huge factor in the profitability, or not of any investment property. 

If you are very conservative purchase a fixer upper so you can force equity and hopefully have a low enough payment so that you can LTR the property or even sell for profit should the STR avenue not work. 

agree .. other wise its just the bottom feeders looking to take his equity from him  with couching it as a rescue.. his best bet it to sell if its owner occ the profit is tax free .. regroup and start over.. 

Flipping outside your zone can be profitable too, just gotta make sure the numbers work.

Send me an email or a message here and I can offer some tips I use to maximize profits in FL.  

As a broker in a wholesale market, I "buy" a loan from a lender at a discount and mark it up for my profit.

In southern Florida I fund and profit / loss is 50/50.

You definitely can't just buy a building low down, do no work to it and keep old rents and expect to profit. 

Marie, Please keep in mind that when you see people referencing with these funds it's because they are invested in these funds, bought the sales pitch hook, line and sinker and are being told by the operator, "don't worry about the market, we're experienced and conservative so you'll get all your money back and a tidy profit.