Cutting corners by leaving out crucial parts of a system whether it is plumbing or flooring is not acceptable and you will continue to have problems with buyers.  

Cut bait and sell, or hold onto it at a slim cash flow rate and hopefully enjoy some appreciation in home values?

Should I even look into this further (of course I should)Is there someone in SoCal Inland Empire that would work on this with me for a bigger cut of any profits? 

Which sounds great, but can be a real nightmare when the city does a half arse job of doing it, cutting irregularly, getting rid of any flowers or plants you might have put in, not allowing bike racks in front of business.

@Christopher Meaker I would imagine that in your area there are much easier and straight forward deals to cut your teeth on.Perhaps start with a couple 2-4 residential income units and move up from there?

I'm going to have cut my rent in half to allow the restaurant to make money.

Being able to accurately estimate the rehab costs and understand that the buyers are looking for some equity in the house after your cut.

from what i see, you are such a cut up!

I'd use plexiglass instead of wood and cut the holes with the same hole saw I use for roughing in recessed lighting.

Small lots after you develop with set backs , curb cuts e t c it will be no land left for parking and you will have issue finding a tenant after spending all the money to develop it .