I compared it to three other units I could find that sold or were selling in a similar condition based on price per sqft.

I found all three companies on Angie's List and the the Quality Roofing and Construction had 18 reviews.

I've actually been investing for three years (thinking and dreaming about it for 20 years) and I only have two properties under my belt and looking for a third. 

There aren't any more quick and easy finds.The last statement, about not having the mortgage covered even by three renters, will only apply if your purchase price was too high (which is kinda related to the temperature of the market).

I believe the three I mentioned above all have MLS access, but they might not all cover the same areas, so caveat emptor...

Eg, if the tenant can only afford $600 instead of $650, the property is empty for a month if the tenant leaves, then it'll take you 13 months to make up that missing month.In my opinion, empty properties don't make money.FWIW, we have dropped rents for tenants in the past, like the couple who had just had a child and her company fired her when she went into labor three weeks early.

I worked with a company that has purchased 3000+ homes in Detroit (mainly) in the last three years and the market has been horrible for them.  

They say they'll fix it Monday, but they need me to sign it today (even though it's wrong) anyway so that they can comply with a three-day federal requirement about lending disclosures.  

Now I'm not actually sure if underwriting would consider the self storage as your care custody and control, especially if you have lockable units, but if they do and you are allowed this coverage, you must them guess as to the maximum value of all other peoples items that you have on premises at any one time and have coverage sufficient to cover that amount?

I am thinking three $85,000 homes with rents of $975 or better can be bought with $66,000 out of pocket.