Think about your taxes on Form 1065, specifically how your K-1s will look in the future.

We’re actually potentially  looking to move from owning to renting, so I don’t know if the qualifications would be the same for that situation.

I’ve Identified several locations within my region that, based on the trends in  residential development seem to be under supplied and positioned to be great potential locations for new climate control self storage. 

Does one have logical rational reasons to be optimistic about the future of the property and location?

Accepting all applicants, when one or more of them is not qualified, could pose a problem in the future if the applicant/tenant who is qualified leaves the property with the unqualified tenant(s) remaining (it happens!).

Unfortunately we did not specify anything regarding a non-refundable deposit in the lease or separately but this is a great learning lesson that will be covered in future leases.

I'm a new investor (have a separate W2 job), looking to build storage in near future.

For example, https://normanlykes.com/ Is yours a potential luxury home on a multi acre estate or on an island?

Potential clients do not know of NARPM; and their site is geared towards building membership, not necessarily referring potential clients to it's members. 

In the end; they would have had to dig-down the basement in order to achieve the necessary height, and then ended up just deciding to vacate the basement and convert it to "Heat and Storage" and ended up loosing all of their rentable potential from the basement level...Most of our clients see it as too much of a risk to try to keep the existing basement floor when it is around 6'-11" - 7'-1" rough.