Common sense.

I have found that I can apply for business credit cards, which enable me to do renovations or pay for utilities over a period of time, while I save up for down payments or what have you.

It is common for many auctions to get called off at the last minute because people will file a court paper to get the auction stopped.  

To be honest, I like J Scott's approach for 2 reasons. 1st, it's easier to drill thru the COGS details since everything is posted there, 2nd, you can run budget vs actual if you plan to utilize the Budgeting feature to track your progress directly from QBO.

I plan on reaching out to a few owners in the area and seeing what their commercial lease agreements are like but I was wondering how other investors determine to ask for certain payments towards (taxes, utilities, Insurance, etc.)

Depending on the shape of the lot, your site work and underground utilities will be some of your bigger costs.

My plan would be to occupy the small apartment unit, and utilize the main house for my small business.

Some do not allow access or inspections, and some will not have utilities turned on so its tough to determine what is and is not working.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

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