While it will likely give you more confidence and answer a lot of questions, I would say that talking to a seasoned investor, or even agent that works with investors, is a way better idea than spending 8K on something that you don't know too much about, especially before your first deal is done.

Quote from @Clint Miller: How are you supporting your clients during this festive season?

The weekly rentals were $8,000 (June) & $8,500 (July-August) As the summer season rental is approaching us, we are faced with a tough decision.

I am looking to speak to some people that are knowledgeable about the self-storage market in the Memphis area. 

In the self storage market, they have ratios based on population to determine demand.

Work with a seasoned STR realtor or STR PM to give you more options of a win win deal

Seasoned investors typically have contingencies in place and work to diversify their portfolios to mitigate these risks.4.

If for some reason I have a weekend open in season I will reach out to my handful of repeat guests and offer 10% discount.

she started out doing leasing for 1k commissions now she sells one of those big houses she knocks down 30 to 60k on one deal with very little overhead to do it.. the big difference between being a seasoned agent and a wholesaler is wholesaler is only as good as their marketing and their next deal..

Nobody likes to work hard in the heat.The biggest concern in the past has been winter, but 2024 was the warmest year on record and we have seen +3F on average in every season, which really took the edge of winter (you can call it brown grass season now) while summers are pleasant 75-85F.The cost of living is low, yet the quality of live is relatively high.