My neighbor did this during one those programs (had a 2 family, made into a legal 3 family by converting the basement) but, among other things, he had to install a fire suppression system in the basement, expand windows for egress/ingress purposes, and do a whole bunch of other things.

Totally worth it to cover any gaps.For managing it all, a Property Management System (PMS) could save you a ton of time by syncing calendars, automating messaging, and handling bookings.

Gov. mandates, laws, regulations, these are tools to control WHAT the product/service is, think safety focused. mandating no lead in toys, or fall-arrest gear for roofers, things like that, THAT is where it works. 

Curious to hear the system you'd recommend for tracking material participation?    

- How can I estimate expenses for installing utilities and creating roads, sidewalks, and drainage systems?

No rent control. 

For individual properties, we've recently started using a QR code system for wi-fi and email capture to save on costs.

It includes high-efficiency HVAC systems, contemporary LED light fixtures and multiple tankless water heaters.

Remember, no system is perfect, so avoid the temptation of constantly chasing after the next shiny object.

Most agents don't understand or have any interest in wholesaling, and honestly some agents don't seem to know much about the basics of their industry at all.While you do need to understand real estate and the real estate market, I think what's truly necessary is having the right tools and systems to help you as you begin.