I just can't think of any logical investor wanting to lock that much cash in a property.......

Last week he turned in the key because he just leaves the door unlocked as he comes and goes.Is that grounds enough to just lock him out or do I have to proceed with court?

I already started my LLC, and have been partnering as an investor on some rental properties, but have not pulled the trigger on purchasing an existing self storage facility, or developed any specific plans for starting something from the ground up.I have seen people comment about the website selfstorageinvesting.com and have started listing to some of Scott Meyers podcasts.I am considering signing up for their live self storage accademy, but do not know if the content/ education is worth the investment (vs. reading his book, other options, etc).Has anyone out there taken this course? 

Also the rate adjusts after 5 years and is not locked in for the full term.  

A lot of these calls are from people who just want to look at houses and never pull the trigger. 

Meaning you can't lock yourself in a room and rent out the rest.

I would ideally like to tap into my 403b to fund fix and flip projects without triggering major tax consequences. 

Always make sure you ask your broker/lender for a pricing sheet/snapshot of rates and prices from the day you locked.

It's about relationships and understanding the motives of the owner and tying into catalysts that trigger their desire to talk to you.

Like you said though, perhaps something about adding interior walls will require permits or otherwise trigger some other actions, so I will ask the question.On the bank financing, I think that's also a good point.