That's why I'm trying to determine the best use of time for mine and their benefit.My response could simply be my genuine lack of familiarity of what's truly entailed in what you do.

A full gut usually entails full kitchen and bath(s) remodel, new appliances, new flooring, new windows and doors, new light fixutres and hardware, maybe a new HVAC and/or Roof. 

I'm in the middle of a full renovation/flip in Minneapolis if you want to come over and see what it entails sine we should be close to our 6 weeks self imposed schedule. 

If you aren't sure which it is I would start by learning the differences between the two and what that entails.

I am trying to do what @Joshua Dorkin and @Brandon Turner suggest and that is to analyze properties as much as I can so that way I get the practice on using the tools and get in the mind set of looking at the properties and everything that it entails and being able to identify good properties from bad properties.

Thanks...my PA comrade...I have more questions than answers right now...but very aggressive..assertive sounds better, yes?

5) Given that the owner currently pays water/sewer/trash, any idea of what the process would entail to have that either metered separately or billed back out to tenants (i.e.

It has always been that unless the creditor actively asserts its claim on credit your dispute results positively.

And you entail the risk of a $650K loan without total control of the property.

For instance in this thread, Bill and I understand the risk of SAFE Act better than you, we might be selling a note off since we question the enforceability and you incorrectly assert there is some grace amount of loans.