@Tim Duggan just remember you’re essentially going to be suing yourself.

If you chose to reinvest that money you should be able to make it make much more than $800/month.An alternative approach if you strongly believe that future value will be much higher would be to harvest the equity and keep the property, but the new mortgage would essentially destroy your cash flow. 

My 2 cents in self storage is that you should really do your homework with current construction costs for this product type.

Or is it more likely a wood composition siding product?

Their Commercial STR insurance product and services has served us well and I would highly recommend them from my personal experience. 

Some of the large investors I know are using products like Buildium. 

Essentially, you drive around looking for uninhabited homes or rundown ones, look up the tax records free on the town/county website, craft a letter with your intent to purchase the home, and mail the owner directly.

Investing with an abundance mindset versus a lack mindset will always be much more productive.

You are expecting expenses to rise faster than income, and property values to essentially mirror expenses.Just based on that this property is at best a break-even, at worst a serious loser.

Perhaps a good place to start is finding a few lenders who offer competitive financing terms and products in the markets you are targeting.