If you engage with Pad Split and you're out of state, you'll probably want to hire a PM as well.

preREO is a marketplace for non-performing mortgages as well as REOs.

Yes, they are actually selling individual units as well

I am open to other markets as well. 

If you can find an investment that pays for itself, you won't be so nervous about investing.I also recommend you educate yourself on how to manage well.

Well said!

I believe I will just be taking over his insurance as well, or that is the intent.

Nathan Roberts also on this site may have some suggestions as well. 

All well and good.

@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.