Well this year is going to be the pivotal year of getting a shop and i cant figure out whether i want to rent or own. I would like to rent, but i cant find anything affordable which raises the question, should i just own? Ill give you the whole scneario so you guys know where i am coming from. I am 20 years old, in my sophmore year of college going to a local university. I have around 120 account and have been working out of my garage and keeping my large trailers and such at my girlfriends dads second home. This year my parents have decided to move to where my dads job is, in East Lansing,MI. What my plan has always been was to go to school at MSU(in East Lansing) for my junior and senior year, and commute a couple of days a week. Schedule classes all on monday and tuesday and then be home wed, thurs, friday, sat, and then head back to school on sunday. I was planning on keeping all my equipment at my gf's dads house as well as living there, but he has also decided to sell his houses and move out of country for his sons to play hockey for the KHL...... So, i am left with no where to live except with an uncle where my business is, and no where to store my equipment and tools. Since my parents are going to be living in East lansing, i can live with them while i go to school, but i need to find a shop to keep my equipment at. So the hunt for a property started..... And hasnt gotten very far. Every 1000 sq foot warehouse rental wants at leased $950 dollars a month plus utilities. This is for an unfinished metal structure with a oversized garage door and 22 foot wide by 45 feet wide open building. This would fit one truck, no trailer and all my hand helds and machines.. But!!! would you rather buy a piece of land for 30-45k and then build your own shop for another 50-75k depending on how big you want to go and what you want in it. And take out a business loan/mortgage. for a 115k mortgage the payments would be 650ish per month for 15 years. I could build a 65x35 foot metal structure building with a second floor apartment in the back half of it(kind of like pro turf's building but a little bit bigger upstairs) for under 75k. Cement floor, fully heated, plumbed, with cement floors and sheet rocked inside with a full upstairs bathroom and then another bathroom and locker room for the guys. I could grow into the shop, but i could also live there too when needed. But i am stuck there if i ever want to sell the business....What would you guys do? Keep in mind, im 20, and still am in college.