Quote from @Paul Azad: SUPPLY "About 2.6 million Baby Boomers die each year, but that number is expected to increase to nearly 4 million by 2037."

They'll have a network of tenants, professional marketing and they know pricing better than a self manager will. 

.✅ Looking at property management options—self-management can save costs but requires effort.4.

I have been asking around to different lenders, both Conventional and DSCR, and have been asking what kind of criteria I need to meet in order to apply for pre-approval confidently.

You are already succeeding by living for free, which will increase what you can save for the next investment.1-2 years later, buy another one and turn the first property into a pure rental.

My immediate area, 5200 people, has 3 outdoor self storage and 1 new climate controlled.

It has been my life's mission to build my own duplex, house hack it & use it to catalyze the BRRR cycle.As I get closer to breaking ground on the project, I'm still not 100% confident in it's feasibility due to the costs of land & construction considering it is mandatory to secure an appraisal 20% above build & land cost. 

We do self storage and country subdivisions where we sale the lots.  

Purchase price: $940,000 Cash invested: $250,000 I purchased a Self-Storage Facility.

What Nathan said.You are following the red herring of the (real or imagined) roach problem, but the tenant just told you they cannot afford a $35/mo. rent increase in an under market rent apartment!