I'm not sure what you've heard or are expecting, but as with anything in life you generally get out of it what you put into it. 

Expect rates to be higher than "typical" financing programs - right now, I'd plan for at least 8%+ depending on the whole scenario. 

If we do a Self Storage development we expect a 400% COC return.  

I'd expect prices to continue to appreciate, so the longer you delay, the more expensive things may be. 

Setting clear expectations can help you pretty much everywhere as well.

And I wouldn't expect them to, it's a self inflicted thing.

So after the first year, expect $5592 annual cost on property tax to counted as an expense for a reduction of cash flow in the amount of $5592 per year.3) Your assumption for HOA dues was $1000 per year. 

And someone jumping into this as a complete newbie can expect that they have a decent chance of making some expensive newbie mistakes.

You could reach out to a few Property Managers in Salt Lake City to see if any of them would be able to give you advice for the area, as they would be familiar with the region and what to expect from the investment! 

Of course, everyone gets to set their expectations.