The most frequent and expensive issues include failing septic systems, outdated electrical infrastructure (especially 30-amp service that can’t support modern RVs), and inconsistent water pressure.

Not only will the 1% fail this test, but it will also be difficult to find an investor willing to take on the risk for 1% of the project upside.

Another reason why investors fail to use debt responsibly is the inability to distinguish between 75% LTV on a $1M property and $100K property.

Seems every new investor fails to understand the difference between Class A, B, C & D Neighborhoods/Properties/Tenants:(They all assume anything they buy will be Class A - and then are shocked when their performance expectations aren't met.So, yes you can easily find properties to BRRRR in the Midwest - but most of them will be Class C or D with tenants having credit scores under 600 => which have a 20% chance of nonperforming on their lease!

I thought that you bringing up the fact that most deals will fail is important.

It was an idea doomed to fail from the onset.Insurance rates risen significantly as well.

While there are plenty of failed construction projects financed by lenders, what you propose adds additional risk.

Best use- is there an alternative Best use for the land that you will damage if your storage fails? 

If any tenant fails a drug test they are immediately booted no questions asked and no eviction protections because the lease is signed with "oxford house" and not individual people. 

maybe a failed investment if it does not work out?..