maybe post the pictures and address of the prop and what your asking rent is there are a lot of Memphis investors on this site and they could give you some feedback. sometime proforma rent rates are not reality once you close..

And as always, don't make any major decisions based on advice from this site (or anywhere else online), at face value, without consulting specific professionals regarding your specific situation, etc.

The total monthly PITI, including seller finance, is $1,200 a month.

I plan on doing a landlift and selling with approved site build plans for a self storage facility to make a large profit margin.

Experts and seasoned investors who could have access to private lenders or who are private lenders themselves are frequently included in these organizations.Attend real estate investing classes or educational activities.

Critical items are budget, contracts, and schedule (included durations during contract).

I wrote an entire post on this, including what questions to ask lenders, that you can find HERE. 

When you include the COL in your figures, it amounts to a small fortune you are losing by staying in CA.YMMVGood luck!

Target platforms like furnishedfinder.com, Apartments.com, & corporate housing sites.

Allow me to put the money I'd pay for the property into gov't bonds paying roughly what the lease payment would cost, and 3. would give them ~$320K in total lease payments including the offset of capital gains, while it would be equivalent to me purchasing it for cash today at $225K.I know there is an income tax liability on the seller's part for the lease payments, but I don't know their situation to judge the impact of that.I've never done a transaction like this before, so please poke holes in it, or if you have a better option, please let me know.