What this means is that most of our tenants wouldn't be able to find a similar rental that they were leaving for a better price.  

@David M.The better managed funds will have audited financial statements and typically also submit semi annual or quarterly reports.Those that go regulation a+ also have to submit to the sec so their information is all public.Like anything, some private are better than public and vice versa, really comes down to the sponsor/CEO and the team in the majority of instances.

Are you okay with breaking even/losing for a few months to a year before seeing cash flow, for the sake of being in a better area where your property will appreciate much faster?

I haven't used this one but it looks all metal so a better choice for you.

There you will meet all the players in the game and you will get a better sense of how to move forward and make contacts along the way.

I live in and invest in Tampa so I’m biased but you truly can’t go wrong in either market, Tampa is going to be a little better on the appreciation side and Orlando will offer slightly better cash flow opportunity whether it’s multi family, single family or short term rental.

Storage occupancy rates during past recessions has remained relatively stableFor example, during a recession, when folks downsize from a 3 bed/1 bath to a 2 bed/1 bath, those people, historically, keep their belongings and put them in storage.Also, during inflationary times, self-storage operators can better manage rates because most leases are month-to-month.

Would it be better to start a little outside the city? 

Based on your goals, experience level, and my assumption that high earning w-2s tend to be demanding of your time, I actually think that there are better ways for you to offset your w-2 income.

In which case you got the tax break for them in the year you spent them (which is better).In your example the reinvestment target is to purchase 750K of real estate using $400K in cash.