Can you help? 

@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.

I can help you with accurate rent expectations.

So you need to sell for more an x% of loan or you have to give us more cash.

I took out a mortgage on the property in November to help make repairs and rent it out.

The construction project in question would be in West Philly, if that's helpful.

It's always a little more challenging investing in out of state (I invested out of state for 15+ years) but you can still be successful doing it. 

Quote from @Atif Khan: Hi, new here. i just finished building my first spec homes out in granbury tx and was looking to buy a few more lots around dfw metroplex.

There’s so much to learn here, and I’m sure you’ll find it incredibly helpful.

As you can guess, I’ve been in this space for a long time, coaching and investing, and I would be happy to help if there’s anything I can do to support you, just let me know!