Hey BP Community,I’m working on a unique deal and could really use some guidance to bring it across the finish line.A broker that I have worked with in the past came to me with an opportunity that I am extremely interested in. 

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

This is more common that you might think.They do not take into consideration the costs borne by the investor associated with the transaction such as: closing costs, carrying costs, finance costs, exit costs, etc.They are trying to hit a homerun on every deal and not leaving enough "meat on the bone" for the next person. 

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

A platform really can not create liquidity.It's actually a pretty common feature of many of these types of funds.

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.

I've been experiencing lenders tighten there underwriting, and a 1.3X DSCR has been somewhat common in my experience.

Its' not the rule but certainly common that filth grows with long term tenants.

This is incredibly common in Philadelphia's market if you don't invest in the correct neighborhoods.  

If this is becoming common in certain areas, do you think it might deter a significant percentage of potential guests?