You'll need more cushion between your income and debt payments to account for everything else - taxes, insurance, food, living expenses, etc...

The previous owner who was planning to make a pet hospital had some of the drawings and plan done on this old building.The previous owner also had no plans for addition or extension of the existing building since it requires zoning of a plot which is more time consuming process based on the feedback I received from county and a couple of civil engineering firms that I reached out to.I was provided the following list for civil engineering work.Pre-construction phase1.

Just some food for thought...

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

By poisoning the rats, you're letting them roam free into the world where people's pets can eat them, not wise. 

Sadly, the "home office" deduction is one of the IRS pet peeves meaning that you are more likely to be audited for this deduction when it is on your personal income tax return.

I’m a serial entrepreneur with experience in the tech and food distribution industries, now diving into real estate investment to build cash flow and long-term equity.

I cook my own food, can I bill myself for that and write off all my food costs? 

They do not protect family members, friends, relatives or pets. :-)You can include any paperwork that legally prevents someone from filing bankruptcy.

And the chef in the food cart in front of the House Building was let go.