I've got pretty extensive Self Storage experience and CCIM tools that can analyze your market for competition gap or excess inventory.  

You say it doesn't matter....but....if you're sourcing new deals with a cost of equity in excess of 50% every day counts; a lot.

Additional inspections at first sign of any trouble (late rent, excessive number of visitors, unusual noise, etc.)

Market rate rents are used and only amounts paid in excess of market rents is allowed toward equity to base the loan amount on.

", "Pigs get fat.  

Not sure what the labor rates are in Washington but 50 hours to paint a room and some minor electrical work and hang some doors and install some carpet seems a bit excessive.

If you have any excess properties that you don't want to keep, please reach out... 

High initial cash flow and appreciation in excess of inflation are not a combination that happens regularly ... be sure to validate any assumptions like this against long term historical data in the exact neighborhood you invest in.

** Not giving legal advice **Holding any asset and especially real estate in your personal name puts a big fat bullseye on your back.

—In the case of a taxpayer other than a corporation, there shall be allowed as a deduction for any taxable year an amount equal to the sum of— ‘‘(1) the lesser of—    ‘‘(A) the combined qualified business income amount of the taxpayer, or   ‘‘(B) an amount equal to 20 percent of the excess (if any) of—       ‘‘(i) the taxable income of the taxpayer for the taxable year, over       ‘‘(ii) the sum of any net capital gain (as defined in section (h)), plus the aggregate amount of the qualified cooperative dividends, of the taxpayer for the taxable year, plus ‘‘(2) the lesser of—    ‘‘(A) 20 percent of the aggregate amount of the qualified cooperative dividends of the taxpayer for the taxable year, or    ‘(B) taxable income (reduced by the net capital gain (as so defined)) of the taxpayer for the taxable year.