Nick at ReventureConsulting.com has all this and lots more targeted data with his free youtube videos.

I don't think there is any amount of savings that could justify the cost of a total tear down and rebuild.

Brandon,Reach out to Tal Lozef in Vegas he is an agent but a good guy to talk to tell him Jason Wray told you to hook-up.  702-553-5589

Currently I am looking into finding my first property so if you have any leads feel free to give me a shout.

I have not done too many deals in your market, and I anticipate things are nuanced depending on the property type and condition and based on the personality of the owner....BUT it is common and customary in my world, which is usually retail/med office, for tenants to have at least some time of free rent during the buildout.We usually structure things as follows, and you can change the number of days around but this is traditionally what we at least shoot for when we have a tenant we are repping.- Lease commencement date is to be the 6/1/24 or when the landlord's work is complete. and we traditionally have penalties in place if the LL's work takes too long and pushes us past our initial timeline.- then we typically have "rent commencement" or when you start paying rent, to be the earlier of either 180 days following lease commencement or when you are open for business.  

If it is a normal 70/30 leveraged property, you may end up subject to tax on 70% of your returns anyways - so cost benefit, is that 30% tax free portion worth the high tax rates paid and additional filing fees to get tax free treatment on the 30%?

This is free.

For example, we provide 10 free changes with any listing (and $5 per change after that).

I’ve heard people getting title companies to do free ones for them.

If you'd like some help, feel free to reach out and I'll show you how I analyze new markets for my acquisitions.