This is largely based on experience so you can shoot for the moon, but be prepared to settle on what works with your strategy.Once you have done one, now you are building experience... and then you can move forward and hopefully with better terms.

Renting it out to build long-term wealth? 

Preserved for future generations as a way for the average income earner to build wealth over time and provide a clean, safe place to live for other people.We need more units constructed.

They want stellar performance on: 1) listing, 2) screening, 3) leasing, 4) inspections, 5) maintenance, 6) lease enforcement, 7) communication, 8) liability mitigation, 9) tenant management, 10) market trends, 11) technology, 12) move-in / move-out process, 13) handling/disposing of tenant property, 14) resolving disputes, 15) vendor relationship and management, etc. 

Hello, I am currently in the beginning stages of building my first SS facility.  

Your lucky, your in an area where there is more demand to build Self Storage.  

I got into this as a long-term investment, with the hopes of my expenses being covered while I live rent free and watch my equity build over time.

Otherwise, it's just panhandling, "I have nothing to offer but will you help me buy an apartment building?"

We are hoping to start investing in real estate while hopefully also getting my mom a new place, but if that doesnt make financial sense then we will just get a rental property somewhere else Have you thought of building an ADU for your mother?

A hotel property owner could pocket an extra $270k a year by building in one of the surrounding towns instead of Worcester.