The cost was the cost and the contractor let me chose to permit or not to permit. 

It is my understanding that it would be mutually beneficial for him to put all or much of his earnings towards closing costs to lower our cash out of pocket for closing.

How much gross leasable area, how many offices, current vacancy rate, age of building, any proximity to hospital or surgical center, what type of loan product for first lien, variable rate/fixed rate, the terms etc ie SOFR + what spread etc, current NOI, cost per square foot, replacement cost per sq ft, and any and all details you can share, I assume HENRY Capital compensation will be similar to your Fund 1, with 8% preferred and 80/20 split? 

I develop for a living and it is easy to buy a piece of land and pay too much because of the cost to develop it.

Also, does anyone know about what this would cost for an attorney to set this up for us?

There are some real estate attorneys who will even give you a set price up front for the eviction cost so you are aware as to what it will cost.

Also I later plan on using the BRRRR method, my father runs a small construction company and has been in construction for over 25 years. 

Anyone have a good app they use for estimating remodeling costs??

If not and I could carry the cost then I would also keep it.

I've also used GC's to complete full rehab jobs & depending on how much work a house needs and how comfortable I am with the rehab, often times I will sub out the work to different painters, handymen, electricians, plumbers, etc instead of using a GC.The more I do this the more comfortable I am managing the jobs myself and it often times saves me significant amounts of money on the rehab costs to just sub out the work vs using a GC for the full rehab.