Brown field is approved for a many year upgrade with a very large total budget.

On large liens, ($15k +) where there is a risk of tying up money and budget for a long time is a risk, we usually do a quick bankruptcy search.

Do you have a budget?

I buy a primary here in the bay area but that would stretch my budget out dratically because of the high prices here but turn it into a rental after.

With a budget of $200k, your 2-4 options are going to be limited mostly to the south side of Chicago which is either going to be C or D class.

Specifically, I’m looking for insights on cost projections, especially whether the cost per square foot tends to decrease with larger projects, and what budget I should allocate to ensure this development is profitable.Guidance from someone with experience in similar projects would be invaluable

And if the tenant doesn't know that NNNs can vary widely, and therefore not budgeting for a big reconciliation bill (if something happened that caused you to under escrow), then they may not be able to pay anyways.

Another lesson I learned was to have a more concrete scope of work to help create a more accurate budget and to add a buffer in the plan for things that come up that are unexpected.

In the current housing market, many of us have experienced rent increases of over 10%, making it challenging to budget and plan for the future.

Work hard and be niceIgnorance is the consequence of knowing everything (I just made that up)Contractors have more funerals, weddings and broken trucks than any other demographic on the planetDon't be sleazy (I just made this up, as well)