As you've mentioned, markets have experienced staggering increases, sometimes in the triple digits, due to natural disasters, inflation, and changes in the insurance industry.Adjusting ExpectationsIn my opinion, underwriting for 5-10% YOY increases seems much more aligned with the current environment.

Single family or 100+ unit apartments with professional management, Triple net leases, syndications. 

I don't know the details of your lease - rents, length of lease, triple net, commission amount - but if it makes financial sense and makes the customer happy then absolutely pay for it.

Incorrect, Pricing has doubled tripled or MUCH more over the last 10 years on top of the 25- 30% net cap per year, 

Unfortunately, I believe the tenant may file a claim of their own, for up to double/triple the deposit.

My normal rentals only make around $500-$600/month when I first buy them so I’m making about triple the amount which is a lot for me.  

Both, however, there is no guarantee there will be appreciation even though over the last 10 years prices have tripled or much more in all of the Cleveland markets.  

Hopefully you did not pay too much for the dirt. 1 acre is optimal these days because of desired double to triple drive thru for QSR.It can become a problem because if they make the building smaller you get less rent but they do more sales.Example a QSR used to be 3,000 to 4,000 sq ft but now instead wants double drive thru's as not many go inside for fast food like pre-covid.If you get 1,000 a foot less at 30 a foot you just lost 30k NOI and now at 5 cap example paying all cash NNN once developed you have lost 600k value.It can fine as long as you do not overpay for the land.

Also double/triple verify the conditions in which they can or cannot be replaced - in case of fire, destruction, etc.

I have come across a handful of properties that are for sale, but were sold within the last 2 or 1 year for sometimes double or triple the price.