Some reasons they might not be able to is your current mix of properties you own are apartments and don’t underwrite storage units properties.

I think it's, you just have decide your risk tolerance for your reserve fundI consider my stock portfolio reserves, the portion that I consider to be my reserves is invested in a very conservative mix aiming for a return of 4% plus close to 2% in dividends.It's composed of TIPs, TBILs, some gold and some bonds.

It's a solid area with a mix of working class tenants and some millennials looking for a cheaper option still close to Logan Square.

I asset managed a mixed use building in Oakland that had 4-5 STR but I promptly turned them into longer term rentals due to the property management company eating most of the profits. 

From what I've read/seen, this area is pretty nice with a mix of churches, doctor's office, and cute older houses- some of which have been converted into professional buildings.

I do not mix funds with my personal account. 

I started with BRRRR projects and mixed in a few flips.  

Unfortunately the neighborhood isn't great (not bad, just very mixed) so it hasn't appreciated more than about $5000.

Once you arrive at a good spectrum you will be able to mix and match.

...MelissaI have done many conversions from warehouse, mixed use, manufacturing facility hotel etc.