Put yourselves in the bank's shoes.

I'm just curious as I've heard these can be very lucrative, but are you giving a huge chunk to the storage companies themselves?

I've done a dozen or two other partnerships in the multifamily space, self-storage, and single family.

Any underground storage tanks on the property?

I just like to put myself in the home owner's shoes.)

Some information from 6 or 7 months ago when we went over his expenses:Warehouse Unit for business parts & storage ~ $350 / monthAuto Payment - ~$300 / month (roughly 3 years in to a 5 yr loan)Auto Insurance - ~$50Gas - ~$200 (could be higher, drives a lot on service route and delivery)Utilities - ~$200 / monthCell Phone (which is also his business phone) - $75Food - no idea.Cable & Internet - I think he cancelled this, not 100% sure.My basic approach is going to be first, get an honest and accurate assessment of his expenses.

It is currently used for storage, not parking.

My name is Tyler and I was born and raised in Destin, FL.I skipped college and went straight into the family business which is in the moving and storage industry.

Microwaves don't have a Shoes and Socks or Metal button5.

Note buyer" here on BP, while the shoe is on the other foot as you are buying, and it addresses issues of a non-owner condo seller finance deal, there is still much there to consider.Condo financing for the secondary market has many hoops to jump through, project qualifications, you may look at portfolio financing from a bank as well, but that won't be a 30 year fixed, but it's financing.Best to see an attorney as well.