Common utilities paid by the landlord will be similar if not the same; standard services (extermination, changing filters, snow removal, fire safety inspections etc.) will cost the same.Expenses will vary depending on the market.

A 14-50r plug was always the preferred method, especially before the world woke  up and switched to the Tesla charging standard.

Estimated sale price to be $200,000  I'm not understanding the part where you say  "so that when it sells you can show $0 income upon selling the commercial property?"

Focus on growth areas, understand local regulations, and use your rental history to build credibility with brokers and sellers.Good luck!

I understand your concern it’s always important to ensure everything checks out.

Starting with the basics like saving and budgeting is definitely a good move, but it sounds like he’s ready for some beginner-friendly real estate concepts too, like analyzing properties or understanding cash flow.Books like Rich Dad Poor Dad for Teens or podcasts like BiggerPockets Rookie could be a great fit.

You should know how you can contest your assessed value, especially if you are buying the property for below current assessment.You should understand if there are any tax abatements available today or in the future.There are real estate tax consultants in basically all major markets, or your real estate agent can likely help with some basic questions, as well.

I'd try to understand landlord laws in each market - i.e. figure out which markets are more landlord friendly.

I'm still not understanding how you capitalized that.

Jay,Thanks for the thoughts. 3 investors who have all lent in the past for various projects with other operators.My understanding is that if we own the land/dirt then it would be in an LLC.