It's very hard to spit ball numbers on any type of development project because every town has different restrictions and every site within each town is unique.

I have experience with subleasing, prospecting, and collecting rent from many other college students when I was a college student, but I suppose that’s not very convincing.How does one get the ball rolling?

@David Vander Pol, you've identified what I think is a major issue for most people to get the ball rolling.

Hey @Tim White thanks so much for the offer to help & for the feedback, much appreciated.As a true testament to BP's great community, I actually had quite a few people reach out, so I'm going to hold off on getting more intros for the moment as I don't want to over-commit and drop the ball on anyone, hope you understand! 

You need to find out.If you really want to start the ball rolling, write a purchase contract with them for $285K.  

I'm that much more motivated to get this ball rolling.

Otherwise you have a ball of worms for an audit.   

Regarding insurance- we have relationships w/ several insurance brokers that will provide us w/ numbers to get us in the ball park about the cost of insurance.  

Although unlikely, you could even get yourself in trouble with the Board of Realtors for acting like an Agent trying to find a buyer for the seller.My recommendation would be to play hard ball and be willing to walk away if the Seller won't sign a PSA.

Recently I have decided to get the ball rolling and create momentum for this new area of business!