I am sure there will be mistakes and things I could have done better but I excited to get my foot in the door. 

We charge per square foot honestly.

If there's a prospect house in a good locations that's sitting on 5k square foot lot, 1500 sq ft, and is priced at $340k.

I am not a resident of KCMO (and actually never stepped a foot there).

The most southern OR city of Brookings offers tremendous value, and the difference in taxes, insurance and associated carrying costs for crossing the State Line are considerable in comparison. 

With the way prices and interest rates are going in our area it feels like a never ending game of catch up sometimes so this will really help us get our foot in the door.

This deal was presented to me as a potential partnership deal to get my foot in the door and learn a bit about real estate investing.

I know there has been some recent lower end apartment complexes in the area that have been bought and refaced which has helped change the look of the area but there is many duplex style homes scattered on Century 21st Dr along with Ivey Rd that increase foot traffic in the area.

"Each approximately 2,100 square-foot building costs less than $5,000 to construct."

Your approach to calculating the maximum construction size within a specified budget is enlightening.Based on your figures, I've noted the project budget as follows: Land Acquisition: $8,000 Utilities and Tap Fees: $7,000 Engineering, Building Permits, and Architect Fees: $5,000 Construction Cost: $180,000 (at $160 per square foot for up to 1,125 square feet) Total Project Cost: $200,000This budget underscores the critical importance of efficient cost management, especially in balancing project size and quality within the financial limits.Considering my project will be situated in New England, where costs tend to be higher, I've adjusted the budget to reflect a 40% increase in utilities, tap fees, engineering, building permits, and architect fees relative to the costs you've outlined for Ohio.