@Dave DeMink There are some upside but not in the fill up. They are basically full and stay full without marketing...per their handwritten letter and unit mix info.

@David Johnstone I would imagine getting a bank loan would be tough.

Will have to look into that. I remember you talking about those in last week's meeting. Will have to go back and review. WiFi worries me too since the buildings are pretty spread out. Not even sure using WiFi extender would be enough to reach all the cameras.

Welcome, Jeff. This is great community. Just a few advice below. I'm no expert. Just someone who has been in this intensely for a few months. 1. Get to the point of underwriting soon. Start practicing by going on Crexi or Loopnet and getting info on facilities for sale. Start getting used to viewing that info and underwriting. Not to make offers, but just for practice. Who knows, you might get luck and run into one that actually works. 2. Related to above, you don't need to know everything before you start doing things. Learn the current step and start doing it. Some things you will figure out later as you go. For example, you don't have to know how to do due diligence or run the property before you start calling owners and underwriting. Once you have the property under contract then you can start learning those things. 3. Find the deal and the people in the community will help you find the money. You might need to give up some equity, but you'll be in the game. 4. I joined multiple groups (some paid and some free) and made it a priority to attend the weekly calls. Just treat it as if I was in school.

Others can chime in here. If there's only 1 or 2 competitors, I would go ahead and comp those. If there are 10 then I might do the 2 or 3 closest to me and do the rest during due diligence (DD). If you have a way to quickly do the all the comps then by all means do it. If the OM shows the comp, maybe take their word for it if you want to put in an LOI quickly, however, do your own comp after that or during DD. There's a balancing act between acting quickly on a good deal and researching. If it's a good deal then you want to put that under contract before others. Do some initial research, but go deeper when in DD. Don't want to lose out while you are doing deep research before submitting an offer. Sorry, there's no dry cut rule that I've seen.

@Dave DeMink, the competitors do NOT have this size per their websites. It's 12x22. The 88% occupancy is only for the facility I'm looking at. I will check to see if it can be divided to make other sizes. There seems to be only 1 door per unit (based on exterior pics) so not sure if that's possible. BTW, I just purchased and watched your Storage Funding video. Great session.