There are a ton of value-add opportunities out there for self storage, which makes purchasing an existing facility a much better option in my opinion.

Hooray for finally taking action.I have a question for the Memphis investors, but first the details:I have come across a potential opportunity on a 4 bed/1 bath house up in the Northaven area off Watkins.

Jason, That's a great opportunity! 

What is your opportunity cost?

Much more opportunity in the USA. 

But look into the new qualified opportunity zones. https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions

Rent at $2100 - 50% expenses - $2500 (opportunity value of cash) =  $1450 negative cash flow per month.

@Jupshy JasminI use them for maintenance request late, fees documents , gives tenants an opportunity to get there rent reported to the credit bureaus.

My first buy an hold opportunity..Triplex - Fully occupiedlisting price $170,000 (DOM: 73, CDOM: 257)Unit A & B: 2/1, Unit C: 1/1All 3 units rent for $550 (room for increased rents)*Seller is willing to carry back a first trust deed with a 20% to a 30% cash down, 3-5 years at a 8% interest rate. 

We're working on conventional financing (20% etc) but that's going to limit us tremendously in the opportunities we can take advantage of.