The math is important, but you also have to remember that most of it is grade-school level math.

(Cost to add ground level square footage $350+/ sq ft) cost to go up....even more. too rich for me at this time.

Should I put concrete around this area prevent water from seeping into the foundation and basement windows or pitching the ground level so water drains out faster towards a drain that goes out to street drain. 3. 

Sounds like you already know what you need to do, both businesses won't work at its optimal level at the same time, and I'm a big believer in committing to something, even though I'm sort of struggling with that myself lol  

That’s an important ruling, because whether or not rentals are a business largely depends on the level of activity involved.

I feel like in a market of $1800 apartments and $350k 'entry level' houses, there would be a huge demand for $1200-1400 rentals and sub-200k new homes, even if minimal in sqft and design.

It's their fault, and the power lies with them to reverse their poor past choices and pick themselves up a bit by their own bootstraps.You're going to tell these new tenants that what's primarily wrong with them is not a legacy of a crime against humanity in the form of three hundred years of black slavery, followed by an unfunded emancipation that turned a huge number of Americans into desperate economic refugees based on the color of their skin, followed by a legacy of organized race hatred, bigotry, pseudoscientific and religious condemnation, and of course overwhelming and widespread intimidation and coercion, followed by a series of failed half-hearted half-measures coupled with an absolute refusal to consider slave reparations and the most lopsided minority levels of poverty and incarceration in the developed world.You're going to explain to these black folks that all that is of secondary importance, and what's REALLY important now is that they get better managing their money so they can hand it over to you more efficiently and you won't have to work so hard to get it.

If someone on here could give me insight on where to focus energies in the initial stages of growing your presence, it would be greatly appreciated.

Mine were PhD-level experts at stealing money and hiding it.3.

So if you have the time, energy, and inclination to be more hands-on, OOS investing becomes a bit trickier.