Skip Trace is a term that originated from debt collectors and private/public investigators.

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Private lenders are more amenable to LLCs.

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That is a .0005 conversion rate.

Are there any qualities that would preclude the inspector from considering it a full bedroom (closet, private entry door, etc.)?

Interested in learning more let me know Privately. 

The larger investors investing millions tend to read in the back ground and then contact me privately on BP to talk about investing.

So I'm sending you a private message. 

Find a partner who can put in the capital or There are private/hard money lender that will let you put 10% down payment and  they will finance 100% rehab cost. keep in mind the rate will be a lot higher and they charge point (2%) but they can close fast and you might be able to negotiate the purchase price even lower.