Gotsouldr, build the business case. Determine how many pieces you need to have steady rental income. How well are you capitalized? How long a payback period can you handle before realizing a profit? For example, a $6000 product (your cost) rented at $500 a month will require 12 monthly rentals before you break even. Can you live with that? Is that a reasonable and realistic payback period?
Is this going to be a business or a hobby? How much money are you willing to risk to see if this is an idea with legs? It sounds like a terrible investment to me. Of course, I think anyone who chooses high end audio as a business is a little odd. It is, I believe, a small and getting smaller business segment. Only invest what you are willing to lose. Good luck.
Is this going to be a business or a hobby? How much money are you willing to risk to see if this is an idea with legs? It sounds like a terrible investment to me. Of course, I think anyone who chooses high end audio as a business is a little odd. It is, I believe, a small and getting smaller business segment. Only invest what you are willing to lose. Good luck.