Ultimately I believe $575-625 is realistic after improvements are made and a bit of side income from adding storage units and possibly covered parking, etc.

If the unit was above grade I wouldn't hesitate to put in an offer but I'm now thinking I should add no buildings with below grade units to my buying criteria.I'm also wondering about providing basement storage for tenants and the related insurance and liability issues?

The first thing I would do is document everything while it's fresh: weather conditions, time, location, contact info, agreement in place with contractor, video of incident if available, time you received notice, copy of the tenant's incident/accident report, etc.  

while I normally never offer up my own services, I realize what you are seeking appears to be very time sensitive and your needs require a unique skill set that is not on every block.Having said that, I am a Nationally Certified Forensic Accountant, a Licensed CPA, I am a Licensed Florida Real Estate Agent, an avid real estate investor that owns 26 different commercial and residential properties, a Nationally Certified Business Valuator, have valued hotels and storage facilities in litigation cases several times, was a licensed Mediator for the first 11 years of my career (mediated over 3000 cases), Certified in Financial Forensics by the AICPA, a Personal Financial Planner and have a Doctorate Degree in Jurisprudence (law degree).  

To start, I'd like to learn how to get started with rental properties fresh out of college when I graduate in May.

I will also manage the current rental houses, commercial properties and self storage units we have.

And I was wondering what everyone's thoughts were on obtaining storage unit facility?

Then you would look for a different (cheaper) freelancer to keep the content updated and fresh. 

Tenants agree to pay the rent on the first day of each month.Tenants agree to be jointly and severally responsible for the lease and rent.Tenants agree to put trash & recyclables in containers provided by the landlord, to place on curb on day designated by city, and to abide by ordinances in regards to lids on cans, proper trash storage, etc.Tenants agree to not smoke in the building or apartment.

Hello,We recently rented a warehouse space for storage purposes.