So if you think hey I’ll put in $100k and get this huge passive write off it simply is not true.

LOL  OMG what a bunch of horse dodo.. cant see how anyone could think that is real. 

@Anthony BlancoI think it's more about being connected within your market and community and less about finding the perfect tool. 

Why do you think purchase contracts are so long and have such small print?

I agree with you that I think it could be useful, but keep in mind that experienced landlords have turnover crews so your focus would be on new investors and I would construction cleanup which a lot of contractors don't do well.

I think there is a good deal in here to be made though.

And do you think this area (Bergen-Lafayette) is ready for condos?

If anyone can recommend a less expensive brand that they think is great, I'm all ears.

With that, (and regarding your Question #2) I think your expense line items and numbers will run very similar to what can be found in this BP blog: https://www.biggerpockets.com/member-blogs/3915/27972-analyzing-the-financials-of-a-self-storage-facilityYou'll have larger units, which typically means longer length of stay and lower turnover so your management/payroll expense could be lower.

I think it went under contract in less than a week.