Just heard on a podcast today, one guy's strategy specifically at or near the bottom of the market is to basically over-rehab to make sure his property really stands out to prospective buyers, recognizing he is probably drawing from a smaller pool of retail buyers at that time. 

A mortgage of that size would equate to a 45k+ annual salary which severely limits your pool of buyers.

(Fyi, none of the below comps have pools).Comp 1: 2/1 1000 sq ft 1956 low to mid grade home in decent shape 4 DOM $210Comp 2: 2/1 900 sq ft 1956 low grade bathroom, great curb appeal, new appliances DOM unk $180 Comp 3: 3/2 1200 sq ft 1957 **distressed property** 30 DOM $180Located a few blocks away:Comp 4: 3/1 1700 sq ft 1925 very low grade, a little bit run down. 90 DOM $250The only other properties are across a very major street all going for about $320 for 2 and 3 bedroom homes with and without pools.

On thing that troubles me is all the local property managers who are slamming Morris, yet all this has been happening in their own back yards for years.

Personally I think the best way for someone to get into storage is to buy and under-performing facility that has a "fixable" problem...this way you have revenue from day one (compared to Revenue from day 180+ with development)Also, don't buy into the idea that you need to invest in storage in your back yard. 

Comps will be your guide, but I'm guessing the buyer pool is bigger for those wanting that master bath.

This both adds value and widens your potential renter pool.

I just picked up a flip in North Phoenix AZ w/pool by sending out postcards.

Additionally, I would look into if there’s ways to mitigate Noise in the future, lest you are going to limit tenant pool to people with no kids.

and have a larger pool of candidates to select from.