Additionally, I don't normally invest out of town so I would need to hire property management.Pros- The apartments are well located within the city, and appear to be in good condition.

How does this normally work? 

If he stays, treat him as a normal tenant and file for eviction as soon as he is late on rent.

For some reason I was thinking it would be around 10% plus closing costs but this is normally for second homes used as a vacation property.

Of course I will crunch the numbers to make sure that it works as a normal rental but how can I estimate what my monthly revenue will be as a short term?

Also, normally for an FHA loan you need to put up at least a 3.5% downpayment.Damian

They have more skin in the game then you do.Make sure you get clear title.

Normally meets on a Thursday night at the Holiday Inn more or less at Preston and LBJ. 

I'm normally a house flipper but I've been looking to jump into the commercial game for quite some time now and self-storage was my target asset class since before I even started looking into flipping houses.

@Spencer Lindquester There are individuals and companies that will work with first time flippers as long as they have substantial skin in the game and the deal vets.