But I do give about 25% more effort than whatever my main competition is doing. 

That said, I bought my current home when the market was just starting to get competitive again.

It’s highly competitive finding good deals but if you can spot one and act fast or network off market, you could use a VA loan for a 2-4 unit and be golden.

@Jesse Riggins Crushing your competition by Mac Goodin if a good book on running and marketing self storage.

First of all,  your expenses are going to be perhaps 30% more and it can suck your really suck your time on a long-term basis unless you're willing to spend a lot of money to have others manage it and you are facing a lot of regulatory  and rapidly growing competition  that can drive down your future earnings.

The Hypersupply phase can last anything from 2-4 years before a recession hits.With the onset of this disrupter - the response to the Corona virus -the Fed has pre-empted the actions normally taken during the Recession to try to stimulate the economy but the drivers for this recession are not economically based and so this again skews the normal cycles.The best lens to to try to assess risk is to stay focused on the dynamics of the normal market - prices for multi-family properties are driven by the demand from investors - the competition for the properties is driven by both the desire for the business ( availability of investors) and the cashflow the property can produce in the future - the cashflow is determined by the space market - ie the market for rental space- the rental space market is driven by the employment market largely.

If not you can back out of the deal but only if you had an inspection contingency in the offer which you should along with financing contingency unless you’re in a super competitive market where those are typically waived but as a newbie you want to make sure those are included to protect yourself.

Do you know any lender with very competitive rates to refi?

I use cozy currently, but the applicant cost per credit report is $25.RyanHi Ryan,Do they disallow other (granular) fees, the way banks charge on loans, such as:Application fee $20Application review fee $20Application storage and filing fee $20Application clerical fee $20------------------------------------          Total                $80I'm just using that as an example, of course it would be intelligent to match what your competition is doing and not charge $80 if everyone else is charging $20.

The competition is fierce, to say the least.