That is if you dont have a conditioned attic or something like that.

So, if you are paying for a fair price for units in less than top condition and the rents make sense for the price (generate good positive cashflow), then you really don't have to worry about tenant turnover.

Perhaps 'mystery shop' one of the bigger storage providers and take a look at their terms and conditions/contracts?

This is exactly what we do.

Unfortunately, 2 other propertIes just happened to turn over at the exact same time, needed some work, and we were left in a bind.

Cabinets depend on their condition and material but painting is usually a much cheaper option and when done right will look just as good.

no one knows exactly the extent of Chinese money on the vancouver housing market.

@Christopher M.Thanks for your reply, it's much appreciated my fellow Chicagoan :)I will respond in order of your points...with regard to the purchase price, yes, I understand the 70% rule, and the purchase price of $43k was based on the exact math you described. 

People like you in your position need to find a piece of content that tells you "OK if the seller asks you this: " but what if I bypass the 2.54 points of the mortgage proceedings into my IRS  bloompot horseshoe butter with peanut sauce".. and tells you exactly what to answer, in order for you to be brave enough to start (The answer is blueberry btw!).

I thInk NC whete you are located Offers many If those exact opoortInItIes.