@Jerry Tan that's so true- and because of that you'll want to choose a market where rentals are resilient enough to withstand management mishaps.

Do you really want thousands of dollars hinging on whether or not high up executives choose to expand in a certain city? 

You have made it clear to your tenant it is OK to pay as they choose. 

Make sure when you choose your coverage that you do have replacement cost, or you could be out of pocket a good bit.

I never choose to supplement tenants rent at my expense and devalue my investment.

If you want to buy houses and remodel them yourself, and then manage the tenants, you need to choose a market you can get to easily.

This was my 1st, purchased & paid for rehab cash, no unexpected costs but scope of rehab changed, had a gc, did none of the work myself, got property manager involved before completion, looked at about 20 properties before choosing this one, if flipping I would have narrowed the scope & costs of rehab, cash flow $1100 month

Just like any new endeavor you're going to want to go into eyes wide open and learn as much as you can beforehand.Please look up investing in Self Storage on the internet - lots of articles, videos, etc., or PM me.Best of luck to you!

You will have the opportunity to learn...in addition to meeting potential future partners and maybe even potential passive investors - if you choose to syndicate your deals in the future.Get people talking about their lessons learned in this industry...as there are LOTS of things to look out for.

That is a great way to learn the lingo of the industry, learn some basic info and network with potential partners and or passive investors if you choose to syndicate your deals in the future.Conferences are also a great place to learn and network.With Podcasts being the new form of marketing - You pretty much have a ton of Podcasts with almost ANY Real Estate Niche you can think of.