Additionally, I would like to attempt to do the process Owner/Builder with subcontracting work out as well as doing some of the work I'm comfortable with (I have some experience with bathroom & kitchen remodeling an am not new to the construction industry).

It may be best to partner with someone that has done one before or somehow is a local expert on lot splits.If you can add a bathroom into existing space on high cost property it can add a lot of value.  

bathroom(s)?  

Purchase price: $144,900 Cash invested: $13,000 This is a charming 4 bedroom, 2 bathroom home in Bossier City, LA.

Yes, it's crucial to get the right structure in place—setting up an LLC in the state where you're operating can offer liability protection.

I want to sell it on a wrap but not sure how to structure the deal or if there would be buyers for this.

Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000

But structural issues can kill you.

Do I need to re-structure?

Is it directly below a bathroom?