Hello all, total newb here interested in RE investing…
I was curious about the returns on storage units and if anybody has any experience with this? Not necessarily something of primary interest but just havent heard much on this faucet of real estate and kind of curious…Plus I am totally hooked on that show “storage wars” so that probably got me thinking more about it 
I know a guy who is really, really successful at that here in Dallas.
You can do well with just one complex for sure.
But the real money (what makes you a multi-millionaire) in self storage units is developing them with your own or bank cash AND your own labor (your employees labor primarily - not 3rd party contracted labor unless it is really cheap), leasing them out and then selling them once they are cashflowing well to a high net worth investor or large business. It is not uncommon to put in $1mm and get $3mm back. You can also do cool stuff like buy a plot of commercial land, develop half of it, and when you sell the self storage complex for three times your investment a few years later put the undeveloped commercial/retail land half on the market and make even more money selling it too!