In our case they were going to give us a smaller setback because we were going to replace an existing outhouse, essentially we would be getting a permit for a septic remodel rather than a new system.However after buying the property the Health Dept says we are now too close to the lake. 

As the trades begin work, it is essential that all trades are on the same page.  

It essentially acts as an investment account that returns 5% every time I put in it.

Clarence,This is essentially a math problem.What is the cost of conversion?

In other words, if your money earns 5% but the money you'd borrow is at 15% interest, then you'd essentially be saving 10% (15% minus 5% gain you'd be losing) by using your own money. 

Aside from all the wood paneling in the basement, the property is essentially in move-in condition for a renter.

Unlimited use of those calculators is worth the membership, as investors a calculator is essential.

Now, comes June 29th where the seller made a court date to motion giving the property back to the previous owner - essentially voiding the process he had just gone through months earlier to acquire the property in the first place.He has said he will no longer sell to me - he'd rather go through the court to try and give the house back.

Could be a good way to bank paychecks from my full-time job while essentially living on my tenants' monthly payments.  

Remember that is money the broker gets for every transaction and is essentially another cost of business.