Most typically you'd hear this term in commercial leasing where the tenant reconfigures an office space or builds out a retail store/restaurant space.

Newbie here, scoping out the market for my long-term rental property.

How much term is left, strength of the tenant, rent escalators, rent/sq ft, etc.You also want to make sure you have a good understanding of the roof, parking lot, and mechanicals because in a traditional NNN lease, the landlord is reponsible for these items..and they can get expensive.

We feel like this is great business to be mid -term focused. thanksMax 

However, if you as the owner are moving in, that would be a valid reason, so long as you give them ample notice time -- 60 or 90 days I think, depending on how long they've occupied.As for the other tenants, if this is their first lease term and they've lived there for less than a year, you can simply give them a non-renewal 60 days in advance of the end of their lease. 

As you look to scale your portfolio, first, ensure your mortgage terms allow for flexibility, such as the ability to refinance or access equity.

The going rate for short-term private money is 12%.NO private lender can stay in business making loans at half of the market rate!

Worked with Credit Consultant to increase score for better rate and loan terms.

The rest will be leased.How do I determine and analyze a potential location for this development in terms of potential lease rates, vacancy rates, potential area growth, post construction value, etc?

That will help determine if Short term capital gain (ordinary income) or Longterm capital gains.