sounds a little more tolerable than i thought.

This is often mentioned because active investors are looking for this sort of product, and the reason there are not companies offering it is because of the amount of risk involved in doing this type of loan, especially in the current economic climate.I just want to explain from a lender's standpoint why this might be above a lender's risk tolerance, so you can possibly find another alternative.

If one of those is off, I wouldn't buy it unless you have a very high risk tolerance or lots and lots of money. 

Your budget and risk tolerance will play a big role as well.Once you have a general area in mind, i'd reach out to realtors on Bigger Pockets operating in those areas.  

There is only your risk tolerance and the risk of the underlying asset and market.

@Alexander Rodriguez - you get what you tolerate.  

For example: I don't know your Risk tolerance, Financing, family or professional life, appetite for self storage long-term, appetite for change, "Control" appetite.

All a matter of risk toler, I suppose.

He rents them to people who tolerate a slightly longer commute but don't want to live in the city.

That said, I've also been a private lender which is far more passive and was simply the CoC play.I'd encourage you to first focus on your goals/time commitment/risk tolerance and then choose your strategies from there.