Both of you is correct actually, based on Citibank family office survey, most family office ae going to do this in 2024:- move higher allocation to institution grade debt investment in the range of 25%- direct real estate investment (rental) in the range of 10%

Right now around here (I live here in your market) if you are talking basic turnkey - nothing specialized - you're going to be right around $200/sf finished, not including permits or ancillaries (IE you need a bigger septic system, you have to do major grading work for the addition, etc).

The kind of coffee  grown, and the grade which will be produced.

I dont know the answer here, it is above my pay grade but if I were you this is where I would start.Talk to a lawyer.

@Greg LovernAny appraiser you use regardless of the loan type is not going to give below grade square footage the same dollar value as above grade.

High price + Low Grade = BubbleLow price + High Grade = Opportunity Ive told a few brokers I know about the method, all who acted interested but didn’t necessarily understand.

I am happy to send you my neighborhood grade map to help you get started.

NaseemaWhile you're looking at Cleveland you'll get a lot of value reading The Ultimate Guide to Grading Cleveland Neighborhoods. 

I also discovered damage to the roof and had to replace that, plus I graded and graveled the driveway and parking area. $24,000 worth of improvements, $20,000 in lost rent. 

When you go to B grade or higher the ROI generally drops & your field of applicants qualifying does to.