It's kind of the wild wild west and some of these tenants don't know the laws but each city has it's own unique set of rules, grams, age requirement, and how the transaction is handled.   

I had 11 of these and good systems in place but still had 1-2 evictions a year and 3-4 big things that were normal annoyances like plumbing leaks, damages from hurricanes, or some vandalism.

Now your market will have unique characteristics that other markets don't have so maybe there's some exceptions here but most "on market" properties will be demanding top dollar right now. 

Being a unique situation and market specific, I think most brokers would approach it differently so you should work directly with your broker to make sure you're not violating any of your MLS's procedures but still providing full service to your family friend.In Utah it's not uncommon to see a buyer's agent commission be a fixed number, in this case it could be $1 or something small like $500.  

Specious 5 bedrooms with 3 unique full baths.

If they have a large unit count, do they have departments and systems to assist them with organizing each aspect of property management while tracking your financial flow? 

My situation (recapped below) is somewhat unique and disqualifies me from most lenders for the time being:- Approximately $250k in annual income.- 3 properties owned with approximately $300k in equity.- 100% Disabled veteran receiving monthly disability.- Poor credit score from when primary residence loan was sold 10 months ago and autopay didn't transfer. 

Good camera system so you can see the property fully.As part of your due diligence, make sure you understand the market capacity, zoning for Self Storage- allowed and conditional, how easy or hard it is to build within 1 to 3 miles of you, if in a city. 

It's an ever-changing game and eachnsotuation is completely unique.

I've also polled several of the people in my network (contractors, flippers, wholesalers, brokers) asking what they are seeing.Below is my updated budget (padded) for Spring/Summer 2021. (1) Note that the 2020 numbers are a padded (I pad everything) high average of budgets pulled from 4 houses I flipped in the PNW in 2019-2020. (2) If the official numbers were below inflation, I used Inflation (Shadowstats.com). (3) The overall increase in price on my breakdown is close to the overall data I've found online, which makes me think I have a decent updated budget for eyeballing deals with. (4) To reiterate, the numbers I started with were unique to my situation in the PNW, so please don't take them as gospel for you!