Most long-term lenders will use an AMC to select the appraiser.

In MN, where it's really normal for a tenant to tour 10, 20, 30 units before selecting one and getting it, yikes $500. 

Best of luck with selecting your market—there's a wealth of knowledge and supportive investors here to help guide you along the way.

This is not yoursituation, but just to walk through the different thought processesin Holding/Selling that a friend of mine is going through.Helped my friend getinto the Self Storage business and walked him through the wholeprocess from evaluating the market, selecting a site, developing thesite, systems, financing, insurance, etc.

Does the Stessa membership offered through BP Pro include all Stessa Pro features or just a select list of upgrades?

The secret is tenant selection, and finding good tenants in the program. 

Understanding the intricacies of the area they’re building in is crucial, as it reflects their intentional selection process.

Regardless of which holds true, for a company who represents to have a $250M portfolio to select this home to be showcased in their marketing materials at this time speaks to the operational disconnect that exists.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

A sub S election will probably block the free stepped up basis benefit though.