I did some research online and couldnt find any "unfavorable" reviews.

.- effectively grosses ~$300k/yr (potential at current rates is 6-7% higher) - regional bank- non-recourse- no personal guarantees, cross collateralization, or unfavorable clauses- There is a decent amount of upside for rents, noted separately by our broker friend and the appraiser.

What are some exit strategies I can consider for the ARM in case interest rates rise to unfavorable levels in the next 10 years?

There are currently far more unfavorable regulations in place than rent control.

The truth is, individual storage assets are pretty well buffered against the "market/sector" unless they are in a micro-market that mirrors the unfavorable characteristics that you mention above. 

We were given a rate from one bank at 6.5%, and some other unfavorable terms (according to our local real estate agent friend and his connected lenders).Does anyone know of the best way to get a loan for land that is out-of-state?  

I'm prepared for an unfavorable outcome as well and are prepared to walk away if the site needs considerable clean-up. 

Once they know that you're for sale, there's at least some chance they'll tighten your credit lines or even put you on COD - and that's probably going to come up during your buyer's due diligence.And when will your buyer think when he discovers unfavorable credit terms with your key vendors? 

High interest and unfavorable terms for something like this.

Moreover, they increase liability and are typically unfavorable to investors...If we're dealing, I want the deed.Wholesaling is fine, but the issue that comes up is #1- intent and #2- capacity...if you have no intent to close on the deal and you do not have the cash to cover the contract price you're brokering real estate without a license...period.