Hello, I'm hoping that this might be a good place to post my plan and get feedback on it. Firstly, I'm from DFW (Texas) I've been in IT for the last 20+ years and currently make a six figure salary. I'm 48 years old. That being said I feel dead, tired of working for someone else and hate my job. 10 years ago I would maybe think about starting an IT company but I've gotten to the point I'm not even interested in that. I do however want to open something where the work I put into it will be make me financially successful and I reap the benefits not someone else. I have about 150k to start a independent dealership with. I love cars. I trade cars often. I've had 4 in the last year. I have owned about 45 cars in my lifetime and I'm familiar with the car industry to some extent. My thoughts are this. Use the 150 to do the following: 1. Find inexpensive place that I can set up as a office/storage area. $1200 month max. 2. Get dealer license and get set up with software etc 3. Put up Website 4. Purchase 4-5 cars initially and list online Ebay, Craigslist, Autotrader, cars.com etc. My ideal would be to sell 2-3 cars per week initially using profits to increase inventory. Personally I'd like to specialize in the following vehicle types 1. Mid to high mileage luxury vehicles (50 -100k mileage) Audi, BMW, Lexus, Infiinity etc. selling in the 18 -25k range. 2. Lifted Jeeps and Trucks These seem to sell well around the DFW area. Questions are: 1. Recommendations on DMS software. I have a leaning towards cloud based software with a reputable company with integration into 3rd party offerings for future growth but open to any and all recommendations 2. Thoughts on purchasing on credit or floor planning? If I did this it would not be all cars but may 2-3 initially. Something I could handle w/out getting out of control. I have an 800 credit score so even w/out flooring I could secure a line of credit if I needed it. My thoughts on this it would help keep me liquid if I need to leverage it. 3. I would be using 50k of that cash to live on the first year. I would be trying to do this w/out making major changes to my current lifestyle mainly because my wife just wants me to get a job but I'm determined to start my own business and keeping income as close to normal as possible will help with keeping my lifestyle normal until I can get things going on the business side. 4. Not really wanting to tote the note because of the type of dealership I would want to open (low visibility mostly Internet sales) but again open to thoughts on this. Nothing is set in stone. If someone is running a successful dealership in the DFW area and would be open to me buying them dinner or lunch or a short mentoring stint please let me know. I would learn a lot from something like this. If this is not the place for these questions my apologies. I am also open to other forums where dealers might gather to discuss things. Thanks.