We like self-storage because even if there is a recession, and people downsize, those people will have a need for self-storage, as evidenced by storage occupancy rates during past recessions.

Steve,As much as the kitchen shows some improvement, it would be difficult to rent to a decent tenant in my neck of the woods.I just rented this home for over $1500 a month to a couple with a credit score in the high 700's in 2 days.Respectfully, GaryBEFORE:AFTER: Steve could've added those new-style recessed led lights (can-less) for a $100 or less off amazon (for 12) and some wire from home depot + taken the picture with better day-time lighting, and his kitchen would've been popping also. since we're talking cost/benefit here, what was your all-in on that?

I have read a lot about the community and it’s slow rebound from the recession, but my concern is there are not many comps for a decent ARV.  

We like self-storage because even if there is a recession, and people downsize, those people will have a need for self-storage, as evidenced by storage occupancy rates during past recessions.

Just cause a recession happens doesn't mean the govt stops spending money :)The midwest has always been a safe haven for cash flow - moderate governance, moderate taxation, stability inflow and ex flow etc. 

Factors like the pandemic, sudden rise in interest rates, a potential recession, etc create sudden unpredictable changes.

The last crash was a once in a lifetime thing, though we've had many recessions.

1) Inventory was already low pre-covid192) As we enter recessions, inventory tends to drop with consumer confidence anyways.

I think this is the beginning of the next recession.

I don't see us being anywhere near some great recession right now.