I have no experience with it from a property owner standpoint, but I've been directly involved with the permitting process for them, one that even went to court. I'll just say don't count on the extra income until the tower is actually built! I've worked on 6 cell tower permits since I've been in my field. 5 of the 6 were permitted, one went to court and that one is the only one of the 6 that's has been built and is functioning. As a property owner, I'd be interested in who is representing the company during the application process and hearings of there are any. Groups that have an attorney on staff and there during the hearings know their shit and are way more invested in the project.
From what I understand, the money you get off the property lease is based on how many carriers jump on the tower.
I'd look at a subdivision of the lot and split the parcel off if you can. Make sure you meet minimum lot size for the tower. That way it's not directly tied in to your home property should you ever try and sell.
