In my MLS, I use every character available to describe property (400+).

Situation you are describing seems unlikely to be one they would approve in writing.

Their documentation on their web page describing all of the processes is excellent.

These classes are not based on quality of neighborhood (ie MF and apartments) it is based upon describing the type of self storage and market (age, features, market - rural vs urban, etc).

The thing is you'll never make money long term by paying retail rates for your construction as described in #1. 

This is why I'm torn but I'd love to hear more arguments about why a condo shouldn't be held as I described, thank you sir!

Might be something to talk to your insurance agent about.Inherited tenants have been my biggest source of headaches but based on what you’ve described and the situation we’re currently in with COVID and evictions (an extension of the moratorium would not at all be surprising at this point), I’d probably lean toward keeping them as well.If you were able to get their rental application as part of your due diligence then you might do some quick checks to see if you’d approve them now.

There is only one word to describe what you did, BEAUTIFUL!

Several other contributors have described the same or a similar procedure:1.

Buying in the first quarter makes no sense given what you describe.