The new facility, dubbed "Arsenal 1," will encompass 5 million square feet and is expected to start manufacturing operations by July 2026.

I cant comment on the local markets, etc, but I would choose Cleveland for the simple fact you live there.

I get into contract in my operating company and then assign the contract to the new LLC prior to closing.  

Its simple in practice, however you need to make sure the numbers work.

However, i would like a person with multiple rentals to help guide me to avoid some simple mistakes.

They are pretty simple loans simple interest loans ,1- 10 years .

Quote from @Dana Yobst: Quote from @Julio Gonzalez: @Dana Yobst While it may seem like a simple concept, it's actually a very complex process that requires significant documentation as well as specific methodologies.

So your 35% operating expenses makes sense and seem plenty conservative to me.  

As @Brett Synicky suggested, keep it simple, as a sole proprietorship.You are also not considering that you will have to pay $800 per year and per LLC to your greedy state.In short, get some professional advice instead of TikTok advice.

and some guidance from the FTC is here: https://www.ftc.gov/tips-advic...Simple solution - DON'T.