Now, while that is the case with the flooring itself, it doesn't prevent derived issues from water exposure, most notably subfloor damage from a crawlspace-related leak, mildew growth, etc, but the material itself is not affected by water.Yes I have, with no issues (specifically with vinyl, but no promises for laminate or engineered wood products). 

He left the engine running. 

These include points on your loan, all the holding costs already mentioned, closing costs to buy, possibly a second set of closing costs for a new loan, permits, engineering and or architectural drawings, maybe other costs related to the development of the land, etc.

You've got some major hurdles that will be quite challenging as a 1st time DIY project, and you will need licensed professionals to sign off on some things for permits: Structural (determining whether or not the wall you want to remove is load bearing and if so engineering a header and determining the framing layout for the new wall/door) Plumbing work will require a licensed plumber to pull the permitAny electrical alterations should be done by a licensed professional, a master electrician will be needed to pull a permitThere may be certain steps that you can DIY, such as GCing the project, demo, framing (following an engineer's drawings), sheet rock, tile, installing new fixtures/appliances, finishes, etc. but for the 3 big ones above you will need to bring in licensed pros if you're going to pull permits (which you definitely should).

I am currently in school pursuing a bachelor's degree in Computer Engineering.

Sorry, ex-engineer and use too many TLA (three letter acronyms).The liabilty and lien and responsibility of the principals I get - I'm just curious about how much the title insurance will cover.

I'm an engineer currently and make damn good money in a very stable industry, I want to evaluate this as best I can before jumping behind the helm of a business like this.

If so, that usually requires an architect or an engineer to sign off on the design.

. - approx. 18k design, architecture, structural engineering- Permits (?)

The major engines driving it are safety concerns and restaurants/service industry not at full capacity.