This is an $850k equine facility, the owner and I agree that offering terms will open it up to a lot of people getting started in the business- just want to have some idea of what he can/should offer, and things to watch out for!

I've bought 3 houses in the past 20 months and have an offer in on a 37 unit self storage facility.

But I bet your market is different, and you may have other events, businesses, facilities, or institutions which you can use for long-term rentals.

Sasan, I have a client in Lawrenceville, GA that developed and owns/operates a very successful assisted living/memory care facility.

If I can not get access to the property, I will assume anything built before 1982 will contain asbestos/lead in common materials (based on my experience there's a 90% chance this is the case).I believe Texas requires any "contractor" performing ASB abatement to have a license, which means Texas has some regulations established regarding removal & disposal.In California, if you are the property owner you can perform the removal/abatement yourself (assuming SFR), the only requirement is that the asbestos waste be bagged up & taken to a designated facility (in my case in Santa Barbara there is a facility at UCSB where homeowners can take the waste at no/minimal charge). 

If there is not a shared laundry facility that is easy for the tenants to access, then I would suggest adding them to the unit. 

BP - My reasons behind writing this post are to track my own progress, get other peoples best practices, and give updates along the way so we can all learn.I am doing my first direct mail campaign focused on self storage facilities in Minnesota.  

I know at Fort Lee, VA there were very strict rules on what facilities qualifed for permitted TDY housing.Also, there have been a lot of changes to the DTS system and the Army is pushing hard to get people into the IHG facilities on post FIRST.

Amenities in West Hill include a well stocked village shop with a post office, a garage and a hairdressers, with many further facilities in the town of Ottery St.

Could also work as a Residential Sr Living facility.