You all have put in some great comments and I truly appreciate it.
This is all hypothetical with so many things happening before it would even come close to a reality. It is something that has been discussed.
IF it was to happen, it would be after I got my BBand the ownership of the school would be handed to me.
Martial Tucker - You raised a very great point that I did consider and thank you for being honest. I am now an assistant instructor and I dont mind teaching. To me teaching is actually easier. I have just had the knack for it. As a jr in h.s. I was the 8th grade asst b-ball coach and as a senior in h.s. I was the asst. varsity track coach. But I do understand that some may not think I have the knowledge due to the fact that I would only be a 1st Dan.
Here is the situation.
My master
might move back to his home state to purchase his old school from his master who may sell it. If he moves then he can either close the school he has here or he will give it to me for me to have as my own. I would be a BB at the time if it happens. I am the asst instructor now and I like teaching the kids and adult class. Given that I could have my own school and build on it as we are now it is something that I must say sounds interesting. I think I would have no problem retaining the students we already have. I will say though that a problem would be attracting new students b/c some people would feel that as a 1st Dan I wouldnt know much. I would beg to differ being that just being a 1st Dan doesnt mean I dont have the knowledge to teach anyone. effectively. There are some 5th Dans who are great at MA but are terrible as teachers while they may have an assistant instructor who is only a 1st or 2nd Dan but may be the best instructor there. It depends greatly on that person, their love for MA and how they effectively present information. Also how much time to they spend studying it as well.
Michael Jordan probably the best B-Ball player in NBA history but doesnt make him a good coach. (If U need another example look at Magic Johnson) Usually the better/best coaches are the one's that understand everything behind it and usually were not the best. Now not saying I suck but just a point to make when some say, "your only a 1st Dan you dont know enough to teach"
It wouldnt be my only job b/c I do have a full time job mon-fri as well.
Looking at what many of you guys said, the business aspect is the hard part and I would have to learn that from him as well as others who have their own.
Of course I wouldn't stop at my 1st Dan but would still continue to train on my own so that I can move up in belt levels.
To be 28 and have my own school and be my own business owner is a nice thought.

But I need to figure out pros and cons.