4) Pay for it, eat it up as a cost of doing business?

Since everyone including your painter, plumber, roofer... has a camera in their phone and perhaps they get cranky with you... don't expect to simultaneously retain your cake and eat it. 

I am a young developer and my company Nu Range Development seeks to redevelop existing properties into sustainable structures as well as build from the ground up some of the most healthy eco-conscious forward thinking structures on the planet.

It's easy to think you are making money when in fact inflation is eating your lunch.        

Get a second job, eat Ramen Noodles, sleep on my mother's couch until I had the rest of the money to make it happen. $1k doesn't even cover closing costs on a property.

@Ron Singh The tenant cannot have their cake and eat it too.

I’m newer to the community and have been eating up the podcasts, blogs, and books so far.

If you do need to expand your search radius, I would be very conscious of how different the neighborhood/areas are you begin to pick up.

If Aunt D is trustee she can eat up the profits do you trust her?

Plus they will pull all permits that are required, which of course one should do but many don’t want to bc it also eats into the profit.