The states have differing laws and regulations.

Find and follow the Abandoned Property regulations for your State. 

A simple "Storage Addendum" to the lease can cover all the details of pricing, rules/regulations, etc.  

Injuries, etc. are a separate insurance issue that may or may not be regulated by your state licensing agency.Contractor licensing is all about complying with state licensing regulations in regards to knowledge, solvency, taxes, code of conduct, and financial regulations.  

This puts very high regulations on banks when they fund a loan.

The local regulations are a bear to get through so we are in a good position, when the lessees wants to renegotiate.  

If anything, at least for RI, I get actually a bit of the opposite sense.Maybe CT is different, but RI has a high tax burden and isn't very business friendly (taxes and regulation).

https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations#Ademinimis

You should know all your state landlord tenant regulations and be able to do all the items listed in Kim's post before you can consider yourself competent enough to manage a PM.

Other than the obvious of working within state & CFPB regulations, seller carryback transactions offer an almost unlimited platform of possibilities of terms, payments, IR, balloons, fee assignment and splits to mention a few.One of the key points to remember is that nothing happens in a seller financed agreement without the agreement of both the buyer and seller.I work w a servicer in Washington state.