So the conclusion I made was that they took the higher rent potential from the Temple University area property and matched it with the cost of a renovated property in the far less renting attractive area of Southwest Philadelphia.Again I did not intend to speak negatively of ABC Investments however the case study they present on their website is 100% misleading.

@Robert Hetsler , I have not considered storage in quite a while, but it is an attractive asset class, because of the reasons you mention.

When renting out something that large you tend to attract LARGE families and/or students/singles, both of which have the potential to put more than average wear and tear on the property. 

On the other hand I want to make absolutely sure that the turnkey provider I work with is reliable and trustworthy.The benefit of not being tied down to a specific area is of course that the choices are numerous.

My background is that I've owned over 2000 homes and numerous apartments in Denver, Memphis and Florida.

St Louis is an extremely affordable market and there are numerous opportunists for investment.

IMO, the extra 400 for you will not only be appropriate for the type of tenant you wish to attract in that neighborhood, but will probably spare you some headache down the road on repairs because of their excellent reliability and warranty.Here's some links (I am not affiliated) WasherDryer

You go out there with these begging for money ads, what you attract are the sharks ready to skin you.

I try to focus on making the unit more attractive than its competitors so that people will really want it.

If you are flipping it then it is more attractive to the end buyer for that reason.If that isn't an option and you need to redo the whole thing I would say $12-15K on the cheap side if you have a really small lot, are near water or there is ledge it can easily get over $30K.