How strong is the rental demand in this immediate neighborhood?

Hi @Andrey Y.The Multifamily Millions business model by David Lindahl which I am following for repositioning value plays allows me to force appreciation by increasing the NOI dramatically in an 18 month to 3 year period by finding burnt out landlords (in their 70's and 80's) that have their properties primarily paid off and are just not doing this right. 

Buying TK is akin to gambling and something tells me you wouldn't take your hard earned money to vegas and play craps our roulette would you?

It’s important to figure out which sport you want to play and get coached in that sport by someone who is successful in that sport.

I played Division 1 Baseball at Prairie View A&M just outside of Houston, TX.

Granted, not all distressed homes are alluring or promising deals yet, as I have to evaluate the cost of repair and look for comps to make sure high ARVs are in play. 

The demand curve for self-storage seems to be inelastic which helps pull the sector through major downturns.

Being honest with yourself about how hard you already work, not about how hard you plan to work, is going to play crucial in your determination and ultimately will somewhat factor into how successful you are.If you have a lot of passion and drive, like you mentioned, already have an understanding about real estate and structuring deals / transactions, perhaps it's the move to make.I started out with getting my license to use on the side. 

Mindset and job play a role too. 

As such, we're expanding our search range to include more of Pierce county, Spokane (though this is very new concept I've been playing with), and out-of-state where we grew up in Central and South Florida.I just read a great report from FannieMae on Multi Family investing in Austin, TX.