That is a very unusual case and seems to be local to MA.  

It's not at all unusual for a new agent to go that long before they get their first paycheck. 

So i figured go for a better class of asset while i am still new and a little uncertain of macro factors (to avoid heartache/acidity/deep paper loss in the short term).

It is not unusual at all to have an offer rejected with no counter-offer if it is insultingly low. 

Unusual for an REO, there wasn't the typical 10-day offer period where the bank collects offers and then on the eleventh day comes back asking for a final round of "highest and best" offers.

This is because, it is very unusual for a house to have 3 bedrooms but just 1 bathroom and you'd be at a big disadvantage to rent it out that way... so you're have to lease it out at pretty close to a 2br rate...so make your low offer accordingly.3 br. 

I'm currently in talks about having my case reviewed and have gotten several quotes from architects for building plans, but the timeline is too uncertain and I am accruing steep holding costs in addition to any fees/plans/services I have to pay, etc. 

Is that something that is unusual in the self storage industry?

They may have a lot of unusual expenses tucked into their P&L - car payments, cell phones, travel, etc.You may add depreciation in your analysis spreadsheet below cash flow line  (NOI less debt service) to estimate taxable income. 

Not unusual to have some story for the tenants when bringing a potential buyer though the place.