Hey everyone my names Brandon, I'm brand new to BP and this is my first post!

The upside in the deal is NEW management, NEW branding, and rent increases.

There are a number of brands out there, Renai, Triangle Tube, etc.  

Don't work with agent that are really busy or agents that are brand new. 

Another duplex has an asking price of $35k, has a brand new roof and water heater, and has tenants currently in place that are paying a total of $925/mo.Those are just a couple of examples.  

I am brand new as well.

There will be brand new plumbing, furnace, water heater, new kitchen cabinets, bathroom, etc.

Here in SF everything has gone up a lot since 2012, so you really have to be innovative to get deals to work as buy/holds. 

If you are buying the business, then the change in control has no effect on existing contracts (with tenants or suppliers) and they will run their course.Where you are dealing with commercial and not residential leases, if you are simply purchasing the asset and plan to launch your own - differently branded - storage company,  you may be able to make the case that the existing leases cease to exist - though it would be considered bad form not to honour them.  

I am very brand new to the game and for now I'm working on building up my knowledge on how to become a real estate investor.