You might then have to store any contents for X days, state and local laws apply, and then they can redeem that property by paying for storage.

Extra storage on the property the rent out?

They could have chosen a 30-year fixed rate of 5.15%, but they wanted a lower rateI also have a SBA term sheet for a self-storage facility where they are being offered 5.75% on a 25-year fully amortizing loan.

To answer your question, I would place a value in the $320,000 down to $250,000 range (using purely present value calculations.)If I were in your shoes, I would rewrite the terms to at least 8%.

Or just put them on YouTube so they can absorb the storage and bandwidth ;)

I am seeing very good deal flows..stuff normal people can not get access to ( self storage, mobile park homes,  hotels/extended stays in the shale belt states. apt complex in hot areas ( TX, ATL ) .. just to name a few.  

I'm not attorney or a CPA this is just what I would do in your shoes. 

I am interested in starting a mini storage business and have found a property great for this business.

If he filled the garage with boxes would you think about charging him for storage space...? 

Husband quit his job (probably because it was too much work) and they both became "Storage Warriors".