I'm inclined to adhere to our cancellation policy but I'm having trouble putting into words the rational.

@JJ Chojnowski The rational is Fire hazard as far as I have understood it.I'll probably just call a metal scrapper if I can have him come cut it and take it away.

A high debt service coverage ration - Other way of saying this is how much can occupancy drop and you still pay the mortgage.Syndication is a great way to get into a deal out of state that will have the size to meet requirement 1 and if your sponsor is good they will setup the deal to meet 2 and 3.For example, we know that occupancy across our portfolio can drop 25% and we can still pay our mortgages.

Specifically in the months ahead, I don't see a rational reason for there to be increased demand in self-storage as people could potentially be compromised financially and a self-storage payment isn't going to be high on their list. 

@Terry Lao“You only lose if you sell” is the worst logical fallacy / rationalization for losing money there is.

I'm always amazed at how often negative CF is justified here by wild rationalizations. 

This causes lower vacancies, higher rent values & the ability to increase rents more easily.Warren Buffet said it best “Be fearful when others are greedy and greedy when others are fearful.”To be a successful investor it is imperative to not make decisions based on emotion, but rather look at the numbers & trends to guide you to the most rational decision. 

The only people who get any satisfaction are neighbors with vendettas against each and too much emotional involvement to make rational decisions.

It’s not a remarkable location but it is close to a highway and a turnpike, grocery store, community pool, and other other major apartments but far enough away where there’s seclusion from the other complexesHow do you suggest adding value to rationalize higher rent?

Covid alone creates enough uncertainty, but doubling down macro events of covid and oil wars should concern any rational and informed investor.