You'll figure out more questions as you talk with other agents and brokers.One last piece of advice, its not the end of the world to change brokerages later (beware, some to many brokers seem to take this personally). 

You make it seem like everybody should go set up an appointment with a professional anytime someone wants to ask one question about a particular topic... that's kind of the point of the forum.

Everything seems lukewarm about this.3. 2024 property: for $200k, this is stretching my budget leaving little room for an emergency budget or positive cash flow.

And see me succeed.  

This sounds a little weird to me, but after calling a few other insurance companies, it seems the threshold of 10 is fairly common. 

They were friendly, nice houses, people being active running and doing different activities, and overall seemed like a happy town. 

To me, if an area seems "favorable" from a google search, I'm too late on it.I would challenge you to dig wayyy deeper. 

Doing research online, it seems the price of an ADU might be around 350k8.

However after all the work thats required which includes landscape, parking lot, fencing lighting and interior/exterior work, it looks like the presumed cost of remodeling it will be double that, although Im not positive (still taking bids).Ive priced a comparable property in our area which has similar square footage and lot size and they seem to be going between $700-800k, and so my question is: based on a higher than expected construction cost which is necessary to finish our project, one which will exceed the amount of money of what a similar property goes for in our neighbrhood, should I continue with this project, or an alternative plan would be to simply beautify it for approximately 100-150k and ditch the plans, and flip it instead for approximately 700-800k now that its zoned commercial.My fear is that if I do invest the moneys to finish the project over the budget I initially priced it for, and the business doesnt take off, I would initially lose money on this investment.Thank you for taking the time reading this.

I heard this many times, but can't seem to find it on my county records site?