If you have no prior construction experience I would ask your contractor if you could Observe and help in order to gain knowledge and hands in experience while having a watchful eye checking your work.

Yes flipping can be dangerous in many ways not only by bad rehab numbers or inexperience sometimes we get hit by the unforeseen issues

Coupled with the zoning issue and your inexperience in the commercial world I would be very careful about marketing a space for industrial uses.

Given your inexperience I would advise you to start with a large brokerage that can offer you the support and training that will lead to your success."

My rough estimate to finish the house is between $30,000 and $40,000, but given my inexperience, I am not sure how close I am.I have a good friend who is a general contractor and also has an accounting degree.

If you profit from this one, it should be in experience and learning, and not in $$.I think you've gotten an earful from the other forums where you've posted the question.  

There are a few good operations in every market, but by and large it is a business rife with inexperience.

Also I've been looking for smallish wholesale deals from other wholesalers, but they're all well over 80% after repair costs, and considering my obligation to child support an maintenance, I think my inexperience is a massive disadvantage and risk, both for finding hard money or getting a funding partner.

It sounds like you are suggesting this isn't as good of an idea as it sounds, but due to my inexperience I'm not understanding why.

I am a single mother of 2 wonderful kids who I want to spend more time with and the ability to provide them with opportunities to find their dreams.Always been interested in real estate investing and finally working up the courage to go for it despite inexperience and lack of supportive family members.