Materials namely wood has doubled and some items have tripled in cost in the past 150 days.Then your permitted contractors @ plumbers, electricians, HVAC/Furnace , are out 4-8 weeks and their bids are about 150 % higher because they are so busy.Unless you have a storage shed full of material and your contracting business allows you to do the high end permitted work,  I would be very careful.I suggest building 6-8 units on the same lot and have 2/1 rents of $1300 or sale as needed for $169,000. 

By that I mean if your bedroom is in the basement I would be more concerned than if it's laundry and storage.

Great markets for 20-100 unit multifamily properties and 300+ unit self storage which is what I focus on.

Sell the furnishings or place them in storage.

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

Anyone found any best practices on sourcing leads for privately-owned self storage?  

I’ve been investing here for the past few years and have built a little over a dozen new construction single family homes and acquired a Self Storage building so am very familiar with the dynamics/management/renter quality ect and have been very pleased.

Adding locked storage spaces at an extra cost?

Right now the government has paused payments and student debt is 0% so I would never pay off a 0% loan first.Kiyosaki once justified buying a luxury car by buying a self storage facility that had sufficient cash flow to pay off the monthly car payments.

If the power is out, you can still flush for a bit since the sump will have some storage capacity, but eventually it will fill up and overflow.