There will always be upward pressure on rents there as well. 

This is a structure we’ve implemented with our private investors, and it’s been working really well for everyone involved.Here’s an example of how tiered returns might look in a lending scenario:Investment AmountAnnualized Return$100,000 - $249,99915%$250,000 - $499,99916%$500,000 - $999,99917%$1,000,000 and above18%Why Use a Tiered Structure?

I’m not suggesting you shouldn’t consider this opportunity because my current company has about 50 homes throughout New England with about 1100 employees and is well funded.

Price range seems to be so fluid from what I'm seeing - as I'm sure you well know this but a home in one town might be $20,000/$30,000 variation in another.

Quote from @Ryan Ruppert: I appreciate the quick reply.Do you happen to know if Wordpress or Squarespace has not only direct Booking but direct Billing as well?

It's likely you'll be able to raise the rent as well with the upgraded unit and you can look to market it during the time of rehab. 

@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.

However, expect greater transparency and heightened consumer awareness that has come out of media attention and NAR settlement to impact the listing component of seller agency as well.

Obviously, their capital gains are well beyond the $500k primary residence exemption. 

If you want to toss everything left into a dumpster before you have legal confirmation of him completely vacating the unit and confirmation that you can trash everything left behind, make sure you catalog it well.