For example, below is a photo of a boarded-up fire-damaged property in poor condition.The popular site for a rental estimates I checked predicted the rent as $2,199/Mo.

As a manager, all I need is a letter from the owner that they are no longer having us manage the property and I can use that to get the reservations cancelled penalty free. 

That would free up $35K to use for renovations of another DP on another REI.That should still allow you to cash flow while savings funds and staying cash fluid.   

Feel free to share your mistakes and the lessons you've learned.

All of the above people would jump at a chance to have "free" land as a starting point on a Self Storage investment.As mentioned above, Self Storage is a localized business. 

Check out local listings for similar properties and see what others are charging for rooms.

Since you are in NY or really anywhere Nation wide check in with @Joseph Chiofalo.

Reasonable answer:  see if you can get ANYONE to take it for FREE if you are on a tight budget or want to reduce waste/ save the dump fees

I would double check their numbers because 300 cash flow seems high to me, but if it checks out I want to see if they’re in my Tampa market. 

Bruce,No need to guess.You can check them out for free.They have plenty of free “open house” meetings with both people working with them and people  checking then out who aren’t working with them, all in the same meeting and there is live Q&A with the owners.It’s easy to lump all coaches and programs into one group .