@Austin JamesUnderstand the area, the current tenant base,the median income, is it in a flood zone, the age of the asset, the condition of the plumbing, the electrical wiring, the fuseboxes, the age of the roofs, the age of the mechanicals, the condition of the foundation, the drainage of the property, does the property have a C of O, is there ny environmental concerns such as oil tanks being buried, the current property management company, what are the amenities.These are just a few things to look out for.

Will the property cash flow after you move out and rent out the home?

That part is not automated or easy I expect.The other thing is perhaps figure out where cash buyers hang out...and get in front of them.

@Cody Faucher - Just so you are aware, $200 above your mortgage is not cash flow.

I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals and you get amazing appreciation.

This negative position can consume years of cash flow to recover.

I've recently been turned on to the space after having difficulties finding multifamily properties that will cash flow in my area (to @Paul Moore point about the market being overheated).How did you go about finding and evaluating storage opportunities?

One day overnight due to wind storm and rain in the area electricity outage happened for 6hrs.

I've seen it swing hundreds of dollars per month and folks thought they were getting a cash flow deal but in reality they're losing money on it every month.Anyway, happy to shoot you a DM with more info/links/etc.

It seems that everyone’s definition of cash on cash is a bit different.