It established a connection that paved the way to close the deal that had less competitive terms than the other offers.

@Jonathan Klemm thanks for the tag@Eddie Maynard if you want the absolutely lowest rate, search online and hold on to your shorts, it's going to be a wild ride.If you don't want a trainwreck of a loan process, and still a great competitive rate, let me know. 

Having the option to borrow 500K instead of 400K will improve the number of potential investments which would be helpful in this competitive market.  

There's a lot of good companies in that market- it's pretty competitive as the market is HOT!

If it stays completely a rental and you are in a heavy rental area where parking is at a premium you could charge for the extra parking.

The heavy up will be with a licensed contractor.I live in a state where licensing is kinda a racket and I come from one without licensing at all, so I'm a bit curmudgeonly, I admit. 

Existing competition-   Look on Sparefoot map and Google Self Storage map, and see how you, competition and customers are aligned. 

I figured, with so many members, I could find like-minded people looking to accomplish the same financial freedom as me and that I could get some guidance in this competitive market that I'm in. 

These will have mass competition so getting under market value is tough in most places.   

I would put heavy emphasis into how you pre-qualify your potential tenants (credit checks, income verification, past reference checks, etc) and you'll be fine.