Petersburg area has an 11% chance of feeling the impacts of a hurricane in any given year, so I don't know why you'd take such a risk when Arizona is measurably a safe bet. 

@Mike MineYour best bet is to BRRR in the suburbs.

Best bet is to prepare to close it yourself and take title.

Both of those are VERY rough and I would bet they impact property values.

If you want to run a construction company, then study construction management.Right now your best bet is to build your knowledge base and your network.

Reggie,Your best bet is really to speak with a securities attorney first.

I'll bet they are worth more than you think.On the HELOC; if you have a lot of equity in your primary residence, it's a great way to get temporary funds.

I bet I could get the property for around 85k which would put it well above the 1% rule, but Im wondering for my first rental if it is better to have it fresh so I can find renters myself?

I'm not a betting man but if I was I would bet that your foray into self storage will be the catalyst to getting you out of your day job (if that's what you want). 

@Brad Jacobson I think that'd be your best bet then!