I'm sure somewhere along the way you'll learn more about your market and likely discover a niche or two.

That's something of a niche business.

Guarantees, IMO, are the real problems in this niche industry and what will ultimately get companies in trouble.

The usury laws of CA and TX are tougher than others so I am not sure why you would want to apply them, unless you are using some particular niche of the law that I am unaware of.

My experience is with older landlords they prefer to get more cash up front and shorter owner financing terms.

Originally posted by Will Barnard:That Realtor (listing agent) would get the seller's side of the commission, I would come in with my agent who would get his/her side (buyers side) - or I offer the list agent to double end and possibly kick back some to me, then I keep the spread between the locked up price and the price I charge my wholesale buyer.of course most listings these days that are anywhere near a deal are short sales or REO properties in which case they are not assignable which means I need to double close or use some other creative circumvention of that dilema such as using a trust or entity.Will is correct and that is the preferred method....

We don't all learn best the same way.While you might prefer to have everything in written form, someone else might be more visual and learn better with a presentation like that.

Happy to discuss self storage with anyone who's interested, I love networking with folks interested in this niche area of REI.Mike

(April 15th, June 15th, September 15th and January 15th) These are the estimated payment due dates each year. http://www.irs.gov/pub/irs-pdf/f1040es.pdfIf your state has an income tax, you will have to find their estimated tax form and fill that in as well)Be prepared to pay 30% or more of your total income in taxes(Income and SE tax which is comprised of both halves of Social Security and Medicare)Second, since you are in business for yourself as a sole proprietor, you will file form Schedule C with your Form 1040. http://www.irs.gov/pub/irs-pdf/f1040sc.pdfYou will want to include your payments on your 1040 when you file your return.A single-member LLC would have no difference as it is treated as a sole proprietor for that purpose.If your LLC elects to be taxes as a corporation(preferably an S-Corp) You would be required to do the same thing; however, you will also be required to issue a W-2, and file employment tax returns.

I would prefer the market rebound and rent it in the mean time.