"For sale, a 10 page contract with excellent font on 10 pound paper, $5000 or best offer"And that is not even getting into the really despicable behavior like not having an ability to close but signing the contract anyway or purposely taking advantage of confused/uneducated sellers.  

@Jacob Fromer - I think we all need a breakdown of the business plan to determine whether this is a good deal.

What resources are there to determine what class a neighborhood belongs to?

Do you know how to evaluate a storage facility to determine market value, return on investment, cash flow, management needs, projected maintenance, etc?

After doing this for 20 years and doing 3,000 transactions, I realized that most associations have too much control and have the power to increase fees when they please, making it very hard to determine what your actual cash flow will be long term.

There are two ways to do due diligence.Do it yourself.Pay someone else to do it.If you don't have the ability to do #1.

If you are waiving, you need to determine the source of the water moisture causing the mold and the extent of the mold. sometimes, mold can grow in non-visible areas and can be worse than visual assessment. 

Sure beats lurking in the shadows :) Personally I would look to maintain ownership as long as possible (unless I were, say . . . fleeing the state), but I would want to do that while maximizing overall investment ability. 

To create the ability to full retire when I leave the military at the age of 43.

Your yearly ROI would be worse and worse each year and may impact the ability to maintain the property when you face a large CapEx.