:P Maybe the metaphor would work better if it was insurance agent, since the insurance agent will error towards the car type with the fewest insurance claims.)

The 4th state Massachusetts, while they dont necessarily refer to it this way...operates more on a letter of intent type of system (they call it a contract, but it's not), then a purchase and sale contract, that is not standardized is drafted up by lawyers after the home inspection.

I mean that's still awhile but I am the type of person that likes to think many years ahead.

Does anyone have experience with this type of deal. 

This type of move can allow you to scale up your ROI while scaling down your management.   

That first-hand experience is apparently critic on making these types of loans.

Does this warrant any type of civil lawsuit?

If I were in your shoes, I would speak to some local banks and see if you could line up some type of sweet heart financing that you could offer with the deals. 

I have not seen this type of self storage in my area.

Looks like we're filling this thread up with ME's, as I'm looking for the same type of opportunity you're discussing Brian.