@Jared Bouzek, this is excellent and I ran the numbers, but showing my reserves are aligned with the original figure the suggest, I.e. $72K.  

Let them know your strategy, your goals and what your business plan is to ensure that your business plan aligns with theirs and you can both work towards the same goal.

Make sure you have a cash for keys agreement and get signatures/dates/amount to align all parties on what is expected.  

Living in CA or NY and investing in a $50k pig (aka a $30k pig with some turnkey lipstick) and relying on somebody else to watch after it in a structure where their profit motives (in house repairs and lease ups) do not align with yours... is a terrible idea.

You will probably look at a number of deals before you find one where the motivations align.  

Your landlord may be different, but I have zero tolerance for headaches caused by my tenants - if you make this your landlord's problem, I wouldn't expect you'd be welcome to stay.And, if you do need to make it your landlord's problem, find ways to align yourself with them and offer solutions - no one should be more motivated to make sure things are stable than your landlord.Good luck!

The reason I ask, is if the short term executive or AirBNB avenue doesn't operate somewhat in alignment with my expectations, I will just rent it out on a one year lease.I would love to hear from some Rochester based people on this as well, because our city is very conservative and slow to catch onto stuff that trends in other cities.

@Thomas Horner@Scott Sewell   Yes what im saying is in alignment with Robert Kiyoski's books but it's also in line with the bumps I've run into especially recently.

The one thing I would add is that while you are researching the asset class, be certain that you get the proper education and align yourself with individuals that are SUCCESSFUL in the Self Storage Business, and discard the advice from others who do not have experience in this incredible sector of Commercial Real Estate. 

This also aligns the syndicator's interests with the interests of the investors.So what does it mean that the deal"works" for investors?