This will cost you $3-$4K, depending on your state, and will allow you access to the MLS.

I’m going to disagree with @Chris Seveney and say whether an assignee could force a sale directly would be a state law issue and heavily dependent upon the contract terms. 

@Luke Spencer I am not on the management side but I can tell you it took 2+ years to fill 300 units at one of our facilities and the other just hit 300 units in 12/13 months so it really depends on the demographics, and local housing market trend, the more people moving in and out the higher the demand for storage.I think if you're looking at a saturated market then the upfront cash to turn the warehouse into self storage is not a good idea but then again, maybe those operators are on back roads ( low visibility ) and don't push google ads well.

@Michael Whitman , it would totally depend on the company, but you make a great point.

I find it's very personal, and dependent a lot on your goals, resources, risk tolerance, location, experience, etc.

Hi Saul, it depends on what you're looking for - cash flow or appreciation?

Property Transfer TaxOne of the key costs associated with purchasing property in Germany is the property transfer tax, which ranges from 3.5% to 6.5% depending on the region.

@Peter Tverdov it depends on going wages in your marketplace.I would imagine labor costs are much higher in NJ than in MI.

Whether it still makes sense will depend on how much you can defer vs. the basis.

@Edgar Duarte Depends on if you prefer owning real estate or want to be invested in the stock market.