So, you really need to understand the location, how rainy it can be (the southern zone has a longer rainy season than other parts), how remote it is, and what the roads and other infrastructure is like.

Scenario: I plan to acquire 2-3 self-storage facilities in the next 1-3 years.

This was a little more difficult timing because it was during the Holidays and the slow part of the year, but we still got someone placed, and got a higher rent than we expected ($1025/month).The Refinance:We started the paperwork for the cash out refinance process in month 5 (Jan 2020) so we could close as soon as we hit the 6 month seasoning period for the property.

Most renters do not find that appealing especially in rainy season.

I think you'd be able to airbnb in the summer/fall and like someone posted above maybe for ski season. 

A "few months" isn't that long.Has the seasoning period passed?

Both require fairly expensive storage as well.

I’d like to convert the building to self storage units She is considering selling it to me for $50k to keep it in the family, but I don’t know my best option for financing in this case.

Demand is a tougher one to gauge and has many variables involved - season, pricing, competition, etc. 

Hi John,Cattle, goats, maybe cotton.Deer and other hunting.Sell it to a farmer.Lease it to a farmer.RV storage (maybe).Turn it into the NASCAR Waco 500 (if backers could be found).Good Luck!