You will likely be negative cash flow unless you can increase revenue somehow. 

I know there is a company that is working to use AI to streamline self-storage revenue, though I cannot recall the name right now.

Plus, you have the year of downtime while you build, foregoing all of the revenue for that time from a property that you could have purchased.  

If you have a fully fenced in yard, you may also have a great set-up for being a pet-friendly MTR, which could mean extra revenue/pet rent without much effort on your end.Hope this info helps - keep us updated on how this ends up working out for you in the coming weeks!

Typically, management groups of this scale are VERY efficient and are maximizing revenue and NOI on a daily basis.  

Assuming great credit even though I thought that the whole point of a DSCR was that the purchaser credit did not matter and it was all about the ratio of revenue to loan.

How are you only bringing in 32K from 1.3 million in rental revenues. 

Get long term renters in there so you at least get some revenue and stability.2.

If the STR operator (master tenant) is really good at running STR properties, they can generate more revenue than the LL might have done on their own.What are some of the key lease provisions people are using? 

I know the added revenue would more than pay for the cost in the long term.