definitely need to have lawyer look at it.Risks/additional hurdles- On the practical side, the absence of deeded rights makes tenancy in common ownership considerably more risky than condominium ownership, even where the TIC owners have separate financing.

You will get through this, and while it feels overwhelming now, this chapter will one day be just a stepping stone in your real estate journey.

The can help with every step of the way.

A lot of education and a little bit of practice is something that one can accomplish with elbow grease. 

Hey Jeff,Congrats on taking the first step towards your investment journey!

Once you find this type of market then finding the deal is the next step. 

I think young students- freshmen especially, like them because they are affordable and a good step towards independence.

@henry Clark has posted on BP exact detailed steps to create a self storage facility.  

Apply for a dimensional variance on the vacant lot to allow a smaller lot and/or setback so it can be built upon.Your best first steps are to sketch a plan, possibly with an engineer's help, then contact the zoning department to discuss your idea with them to get informal feedback on your liklihood of success before you spend a lot of money.

What would be my first step?