Kris and others, I'm curious to see how you think the current hysteria will affect the opportunity to acquire mom-and-pop owned self-storage? 

In very rare cases, it is worth the additional investment in order to acquire a property if it is in a highly appreciating market with year-over-year rental price increases.

The half dozen big time individual investors that I know in Los Angeles, also, own large management companies that can profit off of excess capacity by managing other owners(especially institutional owners) assets.I would not be surprised if most management companies also owned or were actively trying to acquire assets, too.But, if you are an insurance company or pension trust administrator, you would probably not want to be managing the day to day operations of multi-family even if it makes a great addition to the trust portfolio.It depends of the specific scenario of the owner/s

The upside of this strategy is you can acquire properties much faster, with less money out of pocket, a shorter break-even point in which you actually start making money on the property (keep in mind, if you put 20% down, you don't actually make any money until you've recouped your 20%, and all closing cost), for some people this could be many many years when you're cash flowing at $150-$300 per month, unless you do a BRRR property to recoup your cash you put into the deal to start profiting faster. 

@Florence CrosbyIt depends.If you have cash to purchase the LLC and don't need to borrow against it for a while, I think it's a great way to acquire the assets of the LLC. 

you can see what kind of equity you can safely take out of your properties and apply to acquiring more, whether in socal or out of state. we bought our house in westchester/lax in 2016 and got some good appreciation. we also added a large 1180 sq ft 3/2.5 ADU. but we've decided to move out of LA to midwest/columbus ohio. are you planning to stay in LA long term?

I know screening and acquiring quality tenants can prevent this issue, but say somehow this happens.

I have been able to build a property management company as well as acquire additional investments.

@Nick Bowes I agree with @Ozzy Sirimsi I have properties with those numbers in my portfolio but they required quite a bit of work and specialized skill to acquire, rehab, and now manage.

Private lenders may give you a bridge loan to acquire and renovate but you'll have to make sure you have another lender ready to pay off the private lender and put you into a regular loan.