I will also strongly encourage you to consider local meetup with Freedom First Real Estate Investor’s Association, LTD (FFREIA) This local group has combination of new, couple of years and seasoned real estate investors.

There are two other self storage businesses within two miles of ours; and one of them is already modernized. 

I currently rent the home I live in because after crunching the numbers aggressively it is more beneficial to rent in my townhouse development here in NJ which was a combined property taxes and HOA fee of $900/Month before mortgage.

Gutted the house (full of black mold) then remediated the house and fixed it up to a modern look.

They can be a flat fee or a combination of the two. 

The other way is to make sure you have good cash-flowing properties with enough equity in them to be able to weather the storm.Or a combination of the two strategies above, which is what I plan on doing.Keep in mind: the average investor who is now all-out 'in it', sinking everything they have into chasing this market will be the first ones to cut, run and cry about how real estate sucks when the market turns and they get their fingers burned.To me, it's better to take some profit when you can, even if by staying in you could have gotten more, rather than staying until too late and losing everything you think you 'made.'

You want a choice to ask the seller to reduce the price to appraised value or a combination of other possible workouts.It could just be this particular appraiser value was low.

Do a deep dive on that.Condos are also the worst combination of apartment and SF house problems.   

Most of the housing stock dates from postwar through the 80's,  so lots of mid century type stuff with good bones and fairly modern systems but ready for its first major overhaul.   

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