Meaning walking the home, seeing what needs to be done to get rent ready and completely managing it from start to finish?

But if you see the value in investing money into your own personal education, then maybe this could be a good fit for you.

Build, Rent, Refinance, Repeat and doing it in 3 zips where margins are good. 3 story walk up infill. most markets don't have low priced inventory and new construction sells at premium. look in your local market and see if that strategy works or the economics exist. our main market is Columbus Ohio. don't give up

I'd be surprised if the complex doesn't have individually metered units so you may be able to eliminate the utility expenses unless those are for common areas like walk ways, parking lot or laundry.

I've walked their properties in-person, and their build quality is good.

I would highly encourage paying a GC to walk deals out the gate, have them give a scope of work so you can see what items costs.

So I feel it's not a fit for everyone.

This is not yoursituation, but just to walk through the different thought processesin Holding/Selling that a friend of mine is going through.Helped my friend getinto the Self Storage business and walked him through the wholeprocess from evaluating the market, selecting a site, developing thesite, systems, financing, insurance, etc.

I predict that the guys who are fully leveraged and cash flowing $100 per month will be motivated sellers when the next big correction happens.actually its either them or they walk and its their lenders selling that is what happened in that time period.. and was pronounced in certain markets.for me personally  I don't want to risk  my credit and finances and borrow 75k to make 1200 a year... or even 2400 a year if its a market that has a history of no appreciation and I don't feel there is going to be any significant appreciation.. 2 to 3% a year does not cut it.but I will take 500 a month negative or 10k a month negative if I think there are huge gains at the other end.. 

Then walk away.