I would find out their DSCR ratio and make sure you can hit their minimums either upon purchase or when they desire those ratios (maybe after stabilization in a year or so).5) Unit Turns/ Re-Leasing.

I’m using funds from a 1031 exchange for the deposit.Can anyone provide insights or guide me on how to refine my underwriting or ask the right questions to ensure my numbers are accurate and this is a solid deal?

We always tested people out on small projects first such as doing a gut of a bathroom, 2 day repair jobs, etc. 

I have found 25 Storage Units I can purchase for 125000, with 20 units rented out.

Reason I do not want to do a cash out refi on my primary is because my rate is locked at 2.7%.  

From there, peg your ideal client (use GPT) and when you buy build out the stay to attract those guests.

Thanks Jay, NV's a non-judicial state and I'll check out that site, does it include ALL the upcoming auctions and, more importantly, does their data reflect postponements and cancellations??

Hes already put $500k of his own cash into it.

Also a healthy chunk of our sales are cash.

Reach out to them and try to compare.