I am not sure about specifics but I believe he did not try to shave costs when it came to insurance.

Doesn't matter to me what people are selling I love the funny stuff.One of the best commercials is the Dollar Shave Club commercial where the guy is in the drug store trying to buy razors & he gets punched after pressing the button on the counter.You should shoot both commercials & post them on BP for the members to vote for the best one.

Brent and Jeff S. have good points about checking with your ins. co. 

Those K-1's have profit or loss that goes onto the partners personal returns.

You need to describe the type of business, like auto parts or ice cream store or shoe store.If there is no RE involved, you may be looking for financing of inventory, another aspect.Also, a more specific loan amount along with information on any other financing involved, what position is the lien holder going to have?

What kind of real estate book/s did you find very helpful? Do you follow writings and published books of a particular writer and see to it that you get one? If so, who is that writer? Why would you recommend the book/...

I've seen situations where they skim the cream properties for themselves and then try to wholesale the properties that are inferior and that they don't want to fix themselves, either because there is a potential low return or the property needs tons of costly repairs, or are in a bad neighborhood.   

In other words the cream always rises to the top, brains and ability gets rewarded.In even further other words - taking all real estate investors as a whole their average return rate would be lower than some of the individuals that make up that whole.

Question is, can you shave $25 sf off the build costs and come close to making something less than $50k using the single most expensive comp?

I started shaving my head so I don't have to deal with the mindless small talk.Make sure you don't have her cut your hair after you have a disagreement.