We are also getting a forgiving loan of 30k for the duration of 10 years from the county for 1 unit if we rent out the 1-bed basement unit to a household with income less than 100k and at the rate defined by the city )(~1183+ utilities) for a 1 bed unit.

You have many possibilities:Research Contract for Deed & Seller Carry back financing.If they were able to qualify with a non QM lender for the 1st Mortgage  you could possibly have a 2nd position loan with an equity participation component. 

I also just hired a coach so I can get much more defined and under 7% body fat.   

In the last years, the rent amount on a BRRRR property has become the defining factor for the loan amount.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

I would say first define WHY you want to invest in real estate.

I read over a sample personal umbrella insurance policy and it says that they dont cover injury due to business property, and that business property is defined as residential property rented, or held for rental, to others.

DEFINITELY have a defined lease agreement with set terms. 

The National Flood Insurance Program defines a flood as two or more acres or two or more acres.

The first thing you'll want to do is define the zoning and what the allowed uses are for that property.