Biggest things to pay attention to:- foundation, as stated above - sloping, improper support, leaning- old electrical (any knob and tube or fire-hazard electrical still present)- asbestos on piping- sewer (I do a sewer inspection on every home with a camera down the sewer from house to street) or septic inspection- tank scan for underground abandoned tanks (here, it's mostly oil tanks)- mold that is on a sheetrocked wall is always behind the wall and crawling and still growing- separate gas, boilers, hot water heaters, and electric (do you have 4 of each, if not it will be hard to bill)- unpermitted work

A few drops of food coloring in each toilet tank will "flush out" a leaky flapper valve (though seriously, just replace those every 1-2 years  - few $, 5-10 min each, easy DIY task).

Put a few drops of food coloring in each toilet tank and wait 15 minutes. 

Self-storage loans are typically derived from the rent the self-storage property generates, much like multifamily.

Dear fellow investors,Where do you find the contractors? I did some google search and reach out to some. Some of them do not do multi-level facilities and some only do large facilities. I have heard the steel material...

I'm hoping to 1031 into a larger MFH investment or self storage...but I've contemplated a good-looking OZ fund in Colorado as well.  

In the market here, it may not be a realistic goal, as I am having a difficult time securing anything since properties have been scooped up in cash... after 4 months and nothing, my original primary residence has sold, month to month rent in furnished Airbnb’s is adding up as well as the storage unit holding my stuff, and I continue to watch interest rates rise.

I would try to bump the rent slightly higher though in this case since you have that large bill coming for the hot water tank soon and since this would be your first rental if you do rent make sure you get a solid tenant in there you cant afford a non paying tenant in the beginning.  

So, my wife and I came together and really thought about what to do next and my in laws own a self storage business.

As others have mentioned, it may tank next month, or it may continue to rise; it is volatile.