Although its not adding to my income, my personal housing expenses are less allowing me to save more for future opportunities, and as others have mentioned, as a newbie I cut my teeth on all the nuisances of rental property investing. 

There are several previous threads that might be helpful:http://www.biggerpockets.com/forums/70/topics/4251...Type the following in a Google search: site:http://www.biggerpockets.com/forums/70 jv

To check if there is demand for storage units in your area there are companies who will do a marketing study for you (costs a few grand) or you could run some ads and see if people call.

A quick google will get you what qualifies you as an RE professional.

Yes, I've Googled - but I couldn't find anything cut and dry.2)  Are those good terms?

I had a weird formula I was trying to use that wasn’t adding up.

I don't think the standard PAR agreement requires you to give the seller anything unless they added it like @Steve Babiak said. 

. ;)If you are in or around Ocala, I am adding new members to my brokerage literally this week and again in August.

There’s many brutal experiences from true disgruntled owners and tenants described here and in other sites such as google and yelp that I read and that are in line with my experiences  -2 COMPANIES, SAME OWNERSTexas Turnkey Properties (texasturnkeyproperties.com) and Real Property Management Preferred (htownrpm.com) are 2 companies owned and operated by the couple Shawn and Joni Wolfswinkel.

Also, be sure to google the names of the people you're dealing with, get references, etc.