You'll need to get permission for this use from your insurance company. 

Believe it or not, I also get automatic emails from another realtor who's been at it for closer to 25 yrs, featured on one of BP podcasts who run a real estate and property management company in Florida. 

Two examples include R2 companies' acquisition of 150 N Michigan Avenue in Chicago for $90/SF and In-Rel Properties' purchase of 7500 Old Georgetown Road outside of Washington, D.C., for $92/SF.Such steep discounts can be necessary as negative absorption and declining rent growth make it difficult to underwrite office today.

But there are some challenges; notably it's easy to rehab out all your equity and it can be hard to find contractors/vendors sometimes.Also, a small town can be particularly vulnerable if it's reliant on one major company if that company leaves.

We are selling some property on Land contract and I would like to use a loan servicing company to collect the monthly payment, and setup escrow for taxes/insurance.

- In my opinion, the only way to go into business with someone else is inside a property-structured company, which may be an LLC. 

With that kind of acquisition strategy, it might benefit to utilized a delayed purchase because most lenders struggle to underwrite deals in the span it takes for the auction to close.If you do it delayed, you can stay mostly liquid, then follow up the purchase with essentially a cash out refinance of the purchase price with rehab funds being put into an escrow account as well.Would be happy to explain further, but my clients that operate that way tend to prefer that method to keep getting their cash tied up too much.

I have one rental property in Kent, WA where I have a property managing company doing the heavy lifting for me.

Call around to a few companies that may need that, and see what they pay/would pay for storage.

You can use language like, "These are the policies our company follows."