AS well as I like to interact with RE professionals on a daily basis could not imagine my wholes business purpose was dealing with tenants  LOL..

Are the anticipated upgrades counted as 'renovation' costs in my calculator, thus the property still cash flows, but the COCR takes a hit, or2.)

Spin-spin-SPINNING your way through any interaction, relying on distortion and out right lies or ridiculousness as your shield when any touch on the truth of you what so ever. 

Plans to were announced last month to invest $2B into the cities airport in anticipation of the population/business travel growth. 

They noted, while they can technically go to 75%, in recent deals, they are closer to 65% due to DSCR covenants.And maybe this is expected, but I would anticipate having a personal guarantee, fully-recourse loan for retail.  

This can be done through linking up with local investment groups, or go to meetings that provide such interactions.

However, if you slowly adjust pricing in anticipation of a surge in demand you will experience greater returns.

I anticipate costs will be around 200k.

I have not done too many deals in your market, and I anticipate things are nuanced depending on the property type and condition and based on the personality of the owner....BUT it is common and customary in my world, which is usually retail/med office, for tenants to have at least some time of free rent during the buildout.We usually structure things as follows, and you can change the number of days around but this is traditionally what we at least shoot for when we have a tenant we are repping.- Lease commencement date is to be the 6/1/24 or when the landlord's work is complete. and we traditionally have penalties in place if the LL's work takes too long and pushes us past our initial timeline.- then we typically have "rent commencement" or when you start paying rent, to be the earlier of either 180 days following lease commencement or when you are open for business.  

If those are the nature of the interactions, I don't think you have an issue.