They're just products of the individual banks that offer them, so each lender can make up their own rules. 

I think understanding the leads on a more individual level can help show a more personal interest.

Cap rate is indicative of the underlying risk in the asset and or market.

I am looking to network, and learn from other like-minded individuals.

Each of these variables will dramatically change the advice I give the individual asking me this question.

Hi BiggerPockets.com Community,I'm about to start my 3rd SPEC home, so far I have used savings, 401k loan, CC's (BT's), unsecured PLOC and lot loans to finance my own deals. One of my friends is interested on financin...

I have considered the possibility of paying no points and holding the property as an individual with hopes of refinancing in the next 2-3 years.

If they pass screening add them to a new M2M and you then have an additional individual to peruse for rent payment should it go to court.

I was reading something similar to what you are suggesting is that they take a little to heat up.Do you run the ones with individual thermostats and if so do you find complaints about tenants having to set each room or vice versa do you set a each level on a seperate thermostat.The unit I am looking at is about 900 sq ft as well and I am hoping to heat it exclusively with electric but want to be sure ahead of time that if I spend the money it will work.

To answer your question, 93% is a good indicator of the number of accounts that should be current and in good standing.Please note that Minico puts out a guide to underwriting self storage every year with industry norms across the nation on all of the expense categories.I hope this helps.