As a complete beginner with no experience at all, please guide me on everything I should know and all the steps I need to take to make a successful investment.Thank you in advance.

FHA and conventional may have different guidelines for a % of square foot, but I would guide you away from a larger bank lender and more to a real estate lender. 

I wouldn't recommend jumping into the industry and charging a fee when you don't have set systems and processes yet---could leave a bad reputation.Another option is investing in a coaching program and having people who have already succeeded in this industry guide you in the co-hosting space. 

Any information that you need to help guide your advice for me, just ask.

Your insights on potential risks and pitfalls associated with this acquisition would be invaluable in guiding my decision-making process.Thank you for your assistance.https://www.biggerpockets.com/analysis/rentals/8cd3ed2b-b98d...Thanks, Krishna

He works for movement mortgage and he would be able to guide you through the best route whether its HELOC or cash out refi. 

I am actively seeking mentors in my area who are willing to teach and guide a determined and hard working student.

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best

It seems to me the child credit worked wonders, lifting most of the children in our country out of poverty, and I'm gratified to see that even the GOP are now embracing the idea.

Getting a civil engineer and/or architect with experience in the area will be able to guide you through much of this.