Cash invested: $3,000 Sale price: $260,000 I inherited 38 acres of beautiful land, complete with a rat-infested mobile home, custom built shop and about 1 acre of garbage, snakes and wasps.

So you don’t waste your timelooking at all locations, prioritize and pick locations that put youin a more favorable location between your future competitionand your residential customers.

You claim you can’t qualify for a conventional loan now.

I would argue there is nothing owed to the tenants so their bankruptcy estate has no claim.

Whether or not you put in a claim or not, you should deal with a professional who knows how to handle mold removal.The first question I would ask of your agent is, does the company's guidelines allow them to non-renew this policy at renewal. 

Dad is still considering going after squatter in small claims for back rent, back utilities, damage to home, etc.

Made custom storage for bedroom with no closet. 

I will also always advise my customers to do a cash out refinance to avoid these issues.  

So now he has to deal with something he didn't choose or make any $$ on, c) It's giving the customer too much control/input into the process.

Existing competition-   Look on Sparefoot map and Google Self Storage map, and see how you, competition and customers are aligned.