Does this mean I can just leave it off for good...or better yet, remove the HWH and free up some storage space?

I read that businesses cannot occupy over 25% of the space but I am unclear whether this only applies to residential units or everything.

Having worked in the real estate appraisal space, I'm now interested in learning how to wholesale properties so that I reach my goal  of brokering 5 deal a month.  

They take up a lot of space and are difficult to fit in a standard file cabinet (since they're legal sized).Is there any reason at all to keep the paper copy of the HUD if you have a pdf copy?

I went forward with that approach.Practically, our market is VERY tight for rentals right now, so there's always demand right now for every unit.

Others might not lend at all in that category or already flush with loans in that space and will only do more on very advantageous terms to them as they do not want the additional business.Just like anything you have to find someone who is motivated for what you want to do!

Livable (heated) space is around 2450 square feet.

I am 5'10'or so and have several inches above that as additional space. 

“Strong demand amid tight supply has pushed up prices,” according to NAR’s report.

I admit, it will be tight in the beginning, but there is upside potential in rent income. - Because it's near a major university, vacancies are rare. - The property is only a quarter mile from where my other commercial properties are located. - There is A LOT of development just blocks from the property including a new city park, a new student apartment complex, and a new children's museum.