I don’t really have the team/expertise to tackle large remodels.

Just cleaning off the mold is simple but fixing the underlying moisture problem could prove to be a bigger job that you might not have the experience to tackle.

Not likely, but possible), I wouldn't recommend trying to tackle an 1120 on your own. 

Once someone can own their own business and learn to leverage systems and create passive or residual income and use that income to get out of consumer debt, then they can start shifting out of this downward financial spiral and start to create financial freedom.You tackled a host of very interesting topic all  in one post!

Next, we tackled the basement installing two egress windows and remodeling the bathroom.

But I wanted to present to him more of a diversified investment plan where we can tackle different investments and diversify his streams of income.

The plan is to take care of all of the major factors first, then tackle the remaining interior items.Luckily, there haven't been any major issues.

I wanted to openly share a problem I am having and have yet to really fully over come it although I have been able to address and tackle some of the pitfalls I am encountering.I am renovating a downstairs space to create an apartment.I will need anywhere between 8-11k to complete. depending on how much work i do myself and what level of appliances and cabinetry I choose.So far after one year I have only done the electrical. demo. sheetrock and plumbing the plumbing was pretty extensive as an ejector pump had to be installed and the pipe routed over 16 feet across the attic space above the ceiling. a washer dryer connection was made and plumbing for refrigerator sink and bathroom were all completed.I am still so far away  doors, both exterior and intererior. flooring. cabinets. appliances. paint. bathroom remodeling.currently I do not have a lot of cash flow because I purchased a Bmw. and the note is eating into my operation budget.I should have waited (that is the deferred Gratification piece)also the occasional hiccup has caused grief like a tree that had grown around my outside water meter. and had to be removed only to have a hot water heater fail the next month. followed by property taxesso it has been five months since I have done anything in the apartment.I can probably manage to put 1000 per month consistently toward this project.It will take sacrifice and not too much personal pleasure indulgences.This would have been the first month I was going to start the doorsbut I started teaching bass guitar so bought a bass then another then another in a five day period. 

I consider myself to be very strong when it comes to DIY and remodeling/renovation work but even I won't be tackling my first flip alone.  

Whew...OK...let's tackle all these questions.First..it is ALWAYS a good idea to review everything with an attorney.