It would be a pretty large spread.

Well, the Managing Member, the SOB, upon a receiving a large capital gain from sale of property [a §1231 gain] took the unusual and selfish step of grabbing most of the proceeds [damn the OA], and for good measure allocating a lot of gain to Members [again, damn OA].  

I am looking at adding commercial industrial and additional residential to my portfolio we buy and hold.

I reached out to a real estate agent asked the following questions: When I'm done with this project, and after adding 400 square feet to my houseQuestion 1 - What can I expect it to sell for if I decide to sell?

Would defer to someone with a legal background as to the ramifications of lead inside vs. outside your house, adding more relevant links for folks hearing this for the first time.https://riag.ri.gov/press-releases/attorney-general-neronha-...https://health.ri.gov/programs/detail.php?

Located right in front of a large navy base.

This is my first deal so i'm not sure how to make a large profit now to further my endeavor. 

For the building materials i counted every 2x4, 2x6, 2x8, 2x10, sheet of plywood, hurricane straps, etc. and added 20% to get the cost.

You are also adding HML costs in as well. 

We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.