Wish you all the best and hope this helped shed some light. 

@Tyler ResnickGreat point regarding zoning - the difference between a "by right" and "entitlement" project is not to be taken lightly.

You'll want to be near a PATH train, or right on a Light Rail line. 

The lighting has to be good, the audio recording and video must be high quality, and this is tough inside a lot of flips. 

I've called Indiana Power and Light a few times - they have some free services they provided reduce costs.

The point is to gain a new perspective on a stale topic and to bring to light any flaws in my thinking or things I might otherwise be missing.Thanks in advance for any thoughts!

Keep the colors light and bright and glass enclosures and it will appear bigger.  

A basement may be used for habitable rooms or a dwelling unit, regardless of the depth of the floor below grade, if the floors and walls are impervious to leakage of underground and surface water and are protected from dampness, and if the required minimum 13-172-130, or by other approved means. 13-172-070 Natural light.

What guest policies are you comfortable in light of COVID? 

So is new cabinet hardware and lighting.