Assuming you are single it should be easy to down grade your life style curtail your frivolous spending and focus.Save what you need for the DB on a multy that you can live in and move forward. 

what grade neighbourhood is this property in?

I didn't notice any other big cracks in the parts of the basement walls I could see, but most of them are below grade and I can't see them from the outside of the house.  

I made the mistake of using apartment-grade laminate on my last rehab and most of the cost was the labor, I should've forked an extra $1 sq-ft for the 1500 sq-footage home and I could've more than made up for it in higher rent across 6 months.

A C-Store, a wharehouse/office, a strip center and an apartment building will all have some similarities but they just can't get you there to fully investigate the realm of commercial properties.There are lucky investors and property owners.I know an old guy who had an 8th grade education that did very well with commercial properties.

Yeap...I know of one "expert" on here that I wouldn't pass a third grade spelling test ;-)

I'm also being asked the square footage of the living area below grade.

He has to start a business before he graduates and I believe part of his grade is based on that.

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I'm not really sure what to grade the neighborhood it's probably B-It looks like you've put some thought into your own MFH-are you looking MLS?