you are a banker and are asking this question? 

I ran a large REIA for many years and bad property managers were amongst the frustration that members complained to me about; just like they complained about bad tenants, bad bankers, bad lawyers, bad contractors, bad judges, and bad code inspectors.While client retention is important, to pm's, immediate cash flow is more important.

If you have a good relationship with your commercial banker, they may be able to give you averages for $/sf.

BUT ... 85% of the way thru the process the banker asks, oh, by the way, do you or an LLC own the properties?

Its basically deal sourcing (schmoozing with people with property - like bankers), vision and decision making (composing the portfolio with properties), and for fund raising, whether its guaranteeing loans or raising funds from rich people.

Surround yourself with an accountant, RE agent and banker who are all investors themselves.

That would be ideal, I just want to see what options exist before discussing with banker.

I talked to my banker before quiting my job made sure it wouldn’t effect it.

If you go to a local business banker, I would recommend a local credit union that supports small business, they will help you create your LLC (limited liability company).  

Central bankers have been hoping that Chinese fueled growth would justify the levels financial assets in the U.S. have reached, with stock and bond markets pushing records.