It isn’t a bad thing, but rates aren’t as competitive as Fannie and Freddie.

Buy it up and wait for global warming to make you rich?

Also, I have hardly any competition instead of being in an overcrowded market. 

Flood zone properties can scare off the competition.

I am after all, a certified Napper and master at effort/benefit optimization.Hopefully your cash purchase fixer upper is not bankable to allow you the least competition when buying. 

But I do give about 25% more effort than whatever my main competition is doing. 

That said, I bought my current home when the market was just starting to get competitive again.

It’s highly competitive finding good deals but if you can spot one and act fast or network off market, you could use a VA loan for a 2-4 unit and be golden.

@Jesse Riggins Crushing your competition by Mac Goodin if a good book on running and marketing self storage.

First of all,  your expenses are going to be perhaps 30% more and it can suck your really suck your time on a long-term basis unless you're willing to spend a lot of money to have others manage it and you are facing a lot of regulatory  and rapidly growing competition  that can drive down your future earnings.