Pick a market based on the demographics, for example, and then get comfortable with what things cost and what they rent for.

I am a realtor based out of Cleveland, OH and I have a client who is looking to lease a commercial space for his business.

Ideally I’d love to find a lender who would lend based on ARV instead of LTC.

A simple web search for piercing the corporate veil will outline the Do’s and Don’t’s as it pertains to operating a LLC with this in mind. 

Most of these eliminate the absolute “newbie” who has been taught to run around making “offers” on FSBOs based on “guesstimates” of repairs and then try to “sell” the contract to a fix n flip buyer and if not successful utilize a “weasel” clause to disengage from the contract unscathed.  

When you go to pick a new restaurant, you have some idea of what to expect based on the $ - $$$$  used.

Otherwise, I would always suggest hiring an attorney to draft one up for you, or at the very least, find a template and have an attorney review it to be sure you've got your bases covered.Good luck! 

If you’re based in Louisville and have a good knowledge of the city, I’ll love to connect! 

I'm glad this thread came across to me based on my keyword alerts!  

You'll have a "base rate", usually based on LTV and credit score on a grid, and then you'll have "loan level pricing adjustments" (LLPAs) that will adjust that.