@Charles Kao Exactly my point, yes they can create the law but in the end its going to be extremely difficult to regulate, reprimand, and follow through with the consequences of breaking the rules.

You might meet Charles here for coffee, and also connect with a few additional agents using the "Find an Agent" button at the top of your screen! 

@Charles Whitmore @Karl McGarveySTR insurance is a relatively new market and difficult to quantify the risks and rates which insurance carriers should charge for such coverages.Lloyds of London is basically the only market interested in every risk.

Thanks for sharing@Prince Dhillon! 

Hello Charles- Thanks for the quick reply.

@Charles Pallas, as @Bruce Lynn mentioned, there's probably no accurate data to answer how most investors get started, but I imagine he's right about single-family. 

@Charles Carillo We would form an LLC before making any purchases.

Most lawyers are conventional and don't understand creative financing - so when you find a lawyer you should be prepared and ask  these questions:Loan amount - principalfor how long - term what's the interest rate (or it could be a "principal mortgage - that is NO interest - all payments go to pay down the loan - my favorite - learn how to ask for this great mortgage) balloon payment, will  you have a right to discount for early pay-off, will you have the right to substitute collateral in the event you sell the property (no need to pay off mortgage - just walk the loan to another suitable equity that you own - this way you keep all the proceeds of the sale with no need to pay it off to the owner - you still owe it - but just have another collateral)will you build in a "first right of refusal" in the event mortgagee has an offer to sell the mortgagewill your mortgage be recorded or will use a promissory note - not recordedwill seller require co-signer or a blanket mortgage - will seller stay on as a joint venture/hybrid partner for a percentage of the resale profit in lieu of a purchase discountYou just may only need a title company - they can get the job done for less money - lawyers are expensive - talk to a seasoned local investor for hints on asking and getting seller financing.For us investors, seller financing is the best loan ever.Wishing you good luck ---- Charles - Baltimore Maryland

I've thought about the same ideas you pose in your question - some fantastic BP Podcast Episodes that relate are:#9 - Using Hard Money Lenders to Grow Your Business with Ann Bellamy - this one could be interesting for you because you could be the money side of a deal#28 - Note Investing and Raising Private Money with Dave Van Horn - If you sold a business at 19, you must be money savvy so check out note investing#138 - Self Storage, Systems, and SEO with Michael Rogers - Self Storage can provide very attractive potential depending on your geographic region...something I'm looking into myselfIf you find decision making & behavioral psychology interesting, some books I highly recommend are:The Power of Habit - Charles DuhiggInfluence: The Psychology of Persuasion - Robert CialdiniLogic of Failure - Dietrich DörnerLet me know how things go and good luckMike

Charles County to the northwest has more than doubled in my lifetime.