We enclosed a couple of them and poured concrete floors in them and added electric for an additional $15 per square foot or so. 

Rectangles are better than Squares, Squares are better than triangles/circles/etc. 

If your putting up the land and getting the your right back to square one your hiring a GC to build it whatever fee and profit split is really up to you guys to determine/negotiate.

@Jim Doyle- thanks   1) consider increasing the purchase price by the amount of the elec and roof  work that needs to be done  and then assist  seller with  getting the work  scheduled and completed  ( as this will be required to be donw before closing ) ..this way the  seller  is technically  paying for the  repairs  and they wont lose  any  proceeds ....they will pay a little  extra  wa state sale excise tax  but  that  wont amount to too much  2)  consider  putting less down  and using some of your funds to pay for  the repairs  ( or part of the repairs )   3)  consider using a rehab loan  4)  consider  keeping the price  where it is and asking for the sellers to complete  repairs  (  this likely wont happen)  5)  get roofer and contractor  estimates and get them  lined up to do the work asap  as it might takes  weeks to get this scheduled / done  6)  ask seller for  extension on closing date if the  work  will take  longer than 10 days ,,,Good luck

I'm Heather S. from Spokane, WA.

Hi Bigger Pockets Community,I live in Lincoln Square and am eager to invest in a multi-family property for a long-term hold - ideally on the northside.

The price per square foot may also be an issue compared to others in the area.

Heritage owns 1.1 million square feet of industrial in Indiana already so this 200k adds to their footprint, They have 10 million sq ft in office/multi-family and industrial in 20 states with >2 billion AUM. i clipped some of the financials and debt info belowand since you are the DSCR Master, andCarlos, I know that initial and rising DSCR is making you a little moist :)

Only later did I decide to use leverage and refinanced with Washington Mutual.

New construction for example goes for $530 a square foot in upper Arlington which is an old money neighborhood here, but to get that land you had to pay $300 per square foot for it. so you are actually getting $230 per square foot.