As a manager, all I need is a letter from the owner that they are no longer having us manage the property and I can use that to get the reservations cancelled penalty free. 

Feel free to reach out and I am happy to answer your questions. :)John

When that 3 year balloon is up and you have to go to the bank, at that point it's a refinance, not a purchase, so if there's equity in the deal, no down payment will be needed... because it's a refinance.You are right, there's some risk.

Feel free to share your mistakes and the lessons you've learned.

Wondering if there is an existing clause that would allow me to back out of the agreement if my buyer can't close or changes their mind.My spread is only a couple thousand and I'm not sure that it's worth the risk.

That would free up $35K to use for renovations of another DP on another REI.That should still allow you to cash flow while savings funds and staying cash fluid.   

Our program is designed to provide both mentorship and practical experience by funding your deals and sharing the risks and rewards.

All of the above people would jump at a chance to have "free" land as a starting point on a Self Storage investment.As mentioned above, Self Storage is a localized business. 

Reasonable answer:  see if you can get ANYONE to take it for FREE if you are on a tight budget or want to reduce waste/ save the dump fees

I have some free time and would love to meet up with a few people.To see more of my background, click the URL.