Which just seems to me like it would be original investment minus cash recouped.It seems like even if that's not the CoC equation, it should be some type of meaningful number to have.

Read this article to determine if an LLC or an Umbrella Policy affords you the best liability protection:https://www.apartments.com/ren...From a commercial lending perspective, the financial performance of the properties will be more meaningful than the LLC itself. 

This kills the plan to extract the costs via a refi.   

When buying any commercial property of any meaningful size, you cannot skimp on due diligence when it comes to leases.  

I would much rather have  a larger piece of land 1/2 to 2 acres that I know I can extract much more value out of.   

Hello BP Fam,What are the best ways to conduct meaningful research online on various areas you intend on investing in?

The value add may allow you to extract much of your investment to leverage elsewhere.The value add may increase your cash flow. 

I'm here to soak up knowledge, share experiences, and engage in meaningful discussions with all of you as I embark on this exciting journey of real estate.

The 50 Class A investors extract their $10k each (10%) for $500k total, first.

The incremental value of the time you trade for this more meaningful work isn't very high, so you won't get a ton of extra money in many fields.