This is vital when developing or investing in an existing hotel asset. 

The idea being that the tenant's portion of rent (roughly 35% of income) on the program is the industry standard for an appropriate proportion of income to spent on rent, so any discrimination based on their ability to pay is just discrimination against them for being poor, rather than actual ability to pay.

Firstly I think of RE as an alternative investment and would never consider putting more than a small portion of my total portfolio into it, secondly it would primarily be as an inflation hedge or for the income, granted I wouldn't be interested in income investing until I was closer to retirement.

That's why a stable base income is vital to an agents longevity.

I'm considering buying, building my primary on the back residential portion and holding the commercial for long term investment as town is expanding out towards this property.

My plan is to take a portion of that room and make a bathroom (bathroom would land in the same hallway as bedrooms).The question - Do I turn the bedroom into a 9x11 and make a full bath or still a corner of the room and create a 4x5 tiny half bath (which would salvage some floor space in the bedroom).The other two bedrooms are 12x14.I've done some forum searches but couldn't easily find this scenario.

I assumed I'd handle the demo and electrical portions but am interested in what everyone thinks as far as what specialty "pays" the most to be proficient in when it comes to doing the work yourself, assuming the quality of work is on par with contractor(s).

It is then matched against the need of the tenant and almost always comes down such that there is an S8 portion and tenant portion to the rent.You don't necessarily get higher rent. 

I don't think trading financial derivatives is an efficient allocation of investor resources UNLESS that investor is confident in the impending crash, has sold all his/her holdings and is so certain of the timing/severity that they can allocate the time to bet a substantial portion of his/her available capital on it. 

Time that is vital in you learning how to be a landlord and money that you could have used to finance another deal. *** Regarding your question about 1031- If you have an FHA loan on the property you CANNOT roll the profit into any other home.