This is what I understand right now, and I do not have the details of rules and regs like many do. This is how my permit experience went and what I have.
1) In order for you to buy a motor with more than 62.5g of propellant in the motor or reload kit, you need a LEUP.
2) In order to get a LEUP, you have to have provisions to store what you do not use, but still own at the end of a launch. This does not have to be your storage, but it has to be documented to be someone who can legally posess and store the material. A club member or vendor can perform this for you.
3) The local guys hold the keys to the first door. ATF will grant a variance for storage, even in an attached garage. If you do have an attached garage (like me) you will need a separate magazine to store igniters/e-matches. Yes, it sucks. I bought two of the commercial Type 4 mags from US Explosive, then four of the 5 tumbler, 7/16" hasp Master locks. From my perspective, it was not worth my time to fab my own mags.
My town, just outside of Buffalo, NY, required a Hazmat permit ($25/year) but does allow storage. NY State does not have any restrictions. Apart from my own application change (contingency to local storage) my experience was only painful in the pocketbook because of the two mags. I reminded my wife and my self that this is still waaaaayyy cheaper than a boat or classic cars. The expensive part is feeding the HPR rockets.
My motor magazine is empty, I've burned all that I bought. I did have at one time two motors for a few weeks. My igniter mag has some e-matches in it. I intend to stock up via mail order early next year. Hazmat charges apply to packages, not motors, so you can spread the charge across a few reloads to minimize the cost impact.