If you are worried about storage you could always build a large shed or garage if you have the yard space to burn.

The backyards of the surrounding neighbors though, didn't look very nice. 3 out of 5 had sheds in their backyards that looked like they were falling apart, and one of the sheds was almost as tall as the house. 2 out of 5 also had a canopy/tent type thing and they both were discolored with holes in them, but they were still propped up.

I was hoping other seasoned OOS investors can shed light and or tips/warnings on what to look for in investing into OOS. 

maybe I can shed some light on this one.I compete head to head with Lennar in my market were i am building my new homes.Lennar in many markets limits the commission for outside agents. for instance in my market were their price points are 525k to 625k they pay 5k flat fee.We pay 2% our price points are 675k to 1 million for basically the same sq footage and lot size.the difference is in the floor plans and for SURE the build quality .. 10years down the track their homes will show it big time..

Kimberly Stofan welcome as well and wishing you success in your path in REI, also great questionsDavid Hutson glad you were able to shed a lot of insight with your experience, it is very helpful

Maybe @Raul Pedrozo could shed some light, but when I invested in Wooster I did not come across one down there. 

Hopefully another BP contributor can shed more light on this aspect. 

If it is a storage shed outside then let the tenant put their own padlock on it. 

But if there's no equity, no appreciation, and negative cash flow, I'd be wanting to shed myself of that property, too. 

They are trying to shed that off the books.The bank now has say 50 million to allocate to commercial real estate lending for new loans.