there's people out there who will fund downpayments for equity in the deal or a preferred return. hit up local meetups and facebook groups and have some conversations

@Briar Blake @Sean GallagherAfter hurricane Ian we didn't have electricity or phone service.

Electric heaters are dangerous and can start a fire if left unattended.

@Ryan BroschardHi Ryan,You have hit a common issue many new investors fail to anticipate.  

Take that 40% hit.

Rent won’t hit on the first.

I've never done any Sacramento STR loans and only been hit up for one potential financing opportunity there.

@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.

You can also refi if you want cash for another property, and hit the note a little harder as the interest will be higher.

You hit right on the nail.