Even in a lousy economy, college towns generally grow in demand because people go back to school.  304 N Jefferson Moscow ID - Single-family craftment house on triple lot in R4(high density in my town)  Price - $325K, $100K down owner carry 5%, I am converting into a duplex. 2BR 1 BA - $1600,  4BR 3BA $2600. 

During this last cycle it’s been a game of musical chairs, sponsors have been able to raise rents and flip deals quickly to the next buyer because of an insatiable demand and an abundance of capital.

@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.

At some point your dad may not be able to keep up or it may get to demanding for him. 

It comes down to supply and demand.

They will end up being sold before they are built with the demand. 

If you’re looking for steady rental demand and manageable property prices, it’s worth considering.Best of luck with your search!

Do I only draft a cash-for-keys agreement after they've accepted the notion of it or just drop-off the proposal/demand?

The high end rental properties can be a different animal than your run of the mill $2,500 month rental both in terms of upkeep and demand.

Amid surging demand for apartments, the US rental market is contending with the largest supply of new units in four decades.