Another option if it fit your lifestyle would be to sell your house and make a larger than normal office/home as part of your self storage location. 

You must be very intelligent and investing saavy.

Also my loan officer told me that banks prefer loans instead of lines of credit. 

I also take a picture of code violation notice and it has code enforcement officers number.

Property has a management office taking care of rentals.You can assume I am right about not being able to deduct this year, can you tell me if I can still carry it over once I have rental income?

The property data can be obtained through you local assessor's office. 

Also get quotes from minimum 2 loan officers on what interest rate they're going to quote you in additional to all-in costs.

I can recommend a good loan officer in the area that you can hop on a call with to ask these questions.

Many areas are still like that in TX (no permitting office, no building permits or zoning), while others are highly restrictive like (Houston, Dallas, Austin, San Antonio, Etc).

Extremely intelligent and from a very wealthy, politically connected family in Texas.