@Ned Carey: Your comment: "Perhpas some with actuall knowledge of how it work could illuniate us." and @Chris Seveney was willing to set up the scenario so I could respond. 

Quote from @Jon Martin: Quote from @JD Martin:  I've got a long enough history with LTRs to know that generally you don't want tenants doing more or less anything because it's amazing how little common sense a lot of people have, and this translates into not asking guests to do chores because 1) they've paid a cleaning fee, 2) it's a vacation even if it's a home, and 3) guests that do chores might just put dirty towels back on shelves and dirty dishes back in cabinets. 

Any insight into what’s commonly accepted would be great.Thanks in advance for any tips or experiences you can share.

@Joel Owens so can we walk through a NNN scenario?

Part of me thinks big sq ft is what makes it attractive in first place, as small storage is more common.  

Form 3115 is used for catch up depreciation in a scenario like this 

It's essential to research areas where both strategies can perform well, ensuring the property pays for itself in either scenario.

What are the numbers on the scenarios looking like ? 

From purely a lending perspective, the projections from AirDNA and Rabbu are the only commonly accepted sources for underwriting a short term rental purchase or refinance DSCR loan.

While you can't create limitations against their lease and legal rights they have for quiet enjoyment, things like keeping common areas free of clutter or routine maintenance items that are tenant responsibility can often be added to help keep the expectations on both parties clear.