If you have nothing to lose and someone who would help you if you were to get laid off, or had unexpected medical expenses, car repairs, etc...Then go for it.

He wasn't able to care for himself and was moved into a mental health facility.

I must be able to talk to one of themI require that they meet or exceed 3x the rent in monthly incomeI require that they do NOT have any collections on their credit score (with an exemption for medical because our Healthcare system is crap)You need to have a well thought out list of requirements so that you have reasons to disqualify people who aren't a good fit for your business.

I 1031 exchanged a 12 unit apartment into a self storage facility.

However, in the real world your life will have it's ups and downs so maybe for 5 years during your 30's you don't contribute at all because of marriage, kids, medical expenses, and so on.

I am a partner in a medical group where a single owner owns the building.

I know someone who rented out a single family home and the renters are trying to sue her for $500,000 in medical bills from mold in the building.

When buying or developing self-storage facilities in new markets it is so important that you understand and underwrite for new supply and zombie (as i call it) supply.

It’s also a great time to refi as rates are at record lows as well.To your questions regarding the future of retail it’s all about finding internet resistant tenants that can’t operate online and are insulated against a downturn like fast casual restaurant, coffee shops, hair salon, nail salon, dry cleaning, medical, dental etc.

@Ilya PolyakovIf you want to know when the market will have its next major decline, follow the medical industry.