Although, some management companies have a pretty big footprint and work, say, in FL, GA, and Carolinas.

Personally, I am avoiding those markets for now just for a sustainability and environmental outlook, but I would overestimate for insurance premiums, almost 2x what you think just so you have a buffer.

My siblings and I are building a home in North Port, FL.Here are the numbers:Finished Home Value: $412KishLand Cost: $19,750.39Construction & Permitting Costs: $304,897Additional costs: - Environmental Site Assessment - General Liability Insurance - Builders Risk Insurance - Construction FinancingWe will be listing the home this weekPhotos coming soon!!

Essentially, there must be a paid parking footprint in the area already.The ideal asset would cashflow from day one with the ability to add value via technology, operations improvements, and/or NN lease addition (or renegotiation). 

For example, I’m doing three side by side duplexes and it’s costing me $135 psf, but I had to spend an extra $10k per foundation because of bad soil, and the smaller the property the higher the cost psfI’m working on a 28 unit with elevator, demo required, green roof, and it’ll cost me around the same psf as the duplexes.I’m doing three side by side triplexes which are full renovations, basement digout, all new facades, and that’s costing me about $106 psf for construction Non of these numbers include architecture, geotech, MEPS, environmental, utility plan, or finance costs

Fees for new construction , between capitol connections , impact fees , environmental fees , engineering fees , etc  you CANT build AFFORDABLE housing .   

I would be reluctant if it were a gas station or other environmentally challenged property though). 

Changing the tractor's oil in the driveway was another favorite: keeps the dust down in the summer.The developer risk is if that solid ever gets tested (phase one or phase two environmental study) you may have to dispose of it as toxic waste, which is super expensive.

Most banks are retracting their physical footprints, and when they are opening new locations, there is a drive through ATM, but not 2-3 lanes of drive thru teller access.Broadly, I think the finished, leasable sq ft is more valuable.  

As I continue to grow my real estate portfolio, I’m actively looking for other commercial and residential investment opportunities to expand my footprint in the market.