If it's a basically functional and complete home, and you will have a bunch of equity, a cash out refi or HELOC would be significantly more cost effective (rates/fees) and easy (paperwork, back and forth, closing time, etc) than a renovation loan. 

On the buy side, find an agent that will do a commission rebate or negotiate a discount directly with the seller agent if you are not represented (no commission to pay to a buyer agent).Use transaction coordinators to help you with the paperwork (~$450, depending on the area).Also consider what your time is worth and factor that into the cost of getting and keeping a license.

In your experience, is it hard to find deals that work when you are borrowing 100% essentially? 

You will have to file paperwork to start the eviction process if they choose to stay after the notice...I doubt they will stay as they have no ground to stand on.

@Tina LucioDo it right… have an attorney do the paperwork and transfer title.

Can you guys give me some advise on how to organize a business and what essential entities do I need in my team in order to succeed?

You are legally required to maintain essential aspects of the property in good working order.

In short, the shopping center is not platted and it's essentially a shared lot with the property beside it.

I looked over all of my paperwork and cannot find any such verbiage, are you referring to limited scope of time for inspections. 

I had this strategy to live in a house, for about >5 years, till I am able to get a mortgage for another primary residency , bounce, and collect rent from the 1st house and rinse and repeat, essentially.