@Corbin Hibler my last sewer line replacement was $5,000.Go out in the street and see if there has been any road repair work done like a patch of some sort.

Worst I can remember being pee on a rug that had to be replaced.  

I know people all over the city use illegal units for all sorts of things, but my goal is to maximize profits while ensuring I'm doing things legally and protecting myself from liability.

If I rent it, it won't cash flow more than 2%, which is sort of ok as my goals is creating a portfolio of additional income for retirement (12 years from now)  If I sell it I will likley lose a little money ($5-$10k) I Used a VA loan to purchase zero down and will be living in it for 24 months while I do the rehab.purchase price $330K, rehab $15k, Estimated ARV is $370k.  

Prepare for the worst, expect the best. - Treat it like a home that you are inviting guests to.

The worst they've seen is $100k for residential and a million for commercial properties.

Quote from @Robin Simon: Its definitely dependent on a lot of variables, personal situation/risk tolerance, etc.But high-level, I would say that there can certainly be a balance - sometimes people forget that when using hard money or any sort of financing, for some reason you need to "MAX out leverage" - i.e. do a 100% financing for a flip or a max cash-out refinance etc..However, most hard money lenders would be totally willing to do a lower leverage loan (and would probably prefer it) such as 50% or 60% LTC instead of the usual max amount. 

IF the investment didn't make any sort of cash flow, and put me under water by a good amount every month, then I would highly consider selling. 

The goal is to build & sell, but worst case scenario maintain the property for a couple of years if it doesn't sell.

3Rd time posting it because 3 different forum categories.I already have an attorney and have spoken with a couple others, as well as mortgage companies.my time is valuable to me, unless you have some sort of experience with anything related don't leave a comment.