That's why I'm going to remain prudent with frugal spending habits! 

If you need me to do some video or pics of the area you just mentioned, what I would show you is for every habitable home in the area, there are two or three vacant or boarded up homes.

Soon, it just becomes habit.

If the borrower's house debt was included in the BK, then an eventual foreclosure does not harm their credit.

If it's not habitable you can't lease it.

Also assume there aren't any structural errors or impossibilities in my plan (that's what the option is for).In other words: construction costs to get a bunch of empty, habitable units.I'm estimating about 700,000 USD in costs.My question: is that safe to assume?

As far as books I suggest 7 Habits, How to Win Friends & Influence People, Tribal Leadership, and Eleven Rings.

With respect to foreclosures, the most common reasons why a home would be unlendable are linked to its habitability.

I have found it amazing that despite how much I want to do this, old habits die hard.

. :) "Maximum Pre-payments While a tenant may have a pet, or some interest such as portrait painting, which may potentially harm the apartment, you are prohibited from the collecting as advance payments more than the first and last month’s rent, one month’s security deposit, and the cost of installing a new lock (M.G.L. c. 186 § 15B).