Talk to your tax professional about more strategies but I hope this helps in some way. 

Make it look as professional as you can and you will be the first to rent.

I don't see anywhere included with my taxes where an election was made, not to mention he never asked which one(s) we may be using this year.Then there's the subject of being a "real estate professional." 

@Jake Fugman I don't have any referrals in the space you're looking for but you can just punch in "YOUR CITY or AREA" plus "ATTORNEY" into the search window above and check out a few people's past endorsements to get a broader scope of professionals and to zero in on someone that fits your ticket.

What's key here is that the most significant tenant pool in these areas are working professionals/grad students who are being outpriced in Back Bay, Southie, South End, North End. 

If you find a property in the sweetspot where you can attract professionals as well as students vacancies will never be a problem. 

Like adam mentioned coming from commercial real estate or other backgrounds notes may seem like a cup of tea since many in those backgrounds have dealt with real estate professionals and know what IRR is and how to run a financial model.

Professionally, I'd figure out what you need & build and then "save" (aka "not use up") additional land for the NEXT expansion versus utilizing it for extra-wide driveways & aisles.Also, is anyone helping you design this? 

But at least you can know what you are getting into.As @Brian Adzadi pointed out, you want to make sure it is up to code, any renovations were properly permitted and professionally done, and that there are no violations that can surprise you down the road.

Make sure you are using professionals at asbestos remediation.