Investors who are active in gathering data on local trends while working with knowledgeable agents are able to pick neighbourhoods poised for growth and also comprehend how to best mitigate their risks as they prepare to maximize their return.Myth 3: Distressed Properties Are in Bad LocationsAnother misconception is that distressed properties only exist in bad neighborhoods.

Hi Daniel, Columbus GA has properties much lower in price than the metro Atlanta area, you should do fine to learn your local market.

@Brett Riemensnider Following @Caleb Brown's advice, you need to contact a local eviction attorney asap and let them know you have demands for nonpayment of rent that have expired and you'd like to start the eviction process.

If your asset is older and/or smaller, you may have better luck with local community banks or credit unions.

Hi Isaiah, I am based in Fort Lauderdale and can speak to the local market directly.  

Ensure the property’s price aligns with market trends, and work with a local realtor to help with due diligence and negotiation.Good luck!

If you are willing to live in urban areas you may want to talk to a local bank in your market and see if they have any incentives or grant loans for certain areas.  

Aim for 720+ for best rates, I suggest start building relationships with your local lenders.

@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.

Johnny, sometimes the best lenders aren’t local.