If the basement has been dug down to give the needed height for living space and the foundation underpinned, you will want to have that inspected in addition to the normal building inspection you conduct on acquisitions.

If so, which city do you live in and where do you primarily conduct your business?

A salesperson must be assigned to (work for) a licensed broker or firm and cannot conduct business independentlyI'm not sure if this means that I would not be able to get my Real Estate License unless I am working as a agent?  

. ($225K total) Passsive Investor A) contributes $100K Passive Investor B) contributes $100KActive Investor (me) contributes $25KNext, I take on the construction loan ($1.85M) to build retail space, enlist the leasing tenants, and conduct a long term re-fi to hold and manage the property.  

I find out whether permits were issued, inspections conducted and the details of what was submitted for the permit.Typically the insurance carrier will prepare a detailed report as to what they have approved to repair. 

It's sort of a marketing ploy, but more a company policy of putting these as standard fare in a transaction.Outside of the "freebie" you have from the purchase - do not renew and do not ask your property manager to conduct maintenance through the red-tape BS of using a home warranty.  

In Bridgeport, CT the investment is about 10% of rents collected which frees you from taking resident phone calls, coordinating maintenance, leasing vacancies, accounting P&L's, conducting inspections and making property payments.Owners often times suffer from "death by 100 cuts" when having to handle all of these small items, missing opportunities to achieve bigger goals.

Cooperative StateA Cooperative state allows licensed real estate agents or brokers to physically enter their state to conduct real estate business via property showings, closings, negotiations etc.

You have to know about septics really well to get into the bidding or auction: even with contingency on septic inspection it's not so easy to get out of the deal - the inspection can't be conducted when septic haven't been used for a certain time....plus much more issues. 

You can then always offer an incentive, like half off 1st month's rent or lower rental rate for a two year lease instead of one.You could do an open house and conduct a survey of what they think the rental rate should be.OR you could price to rent immediately, and most likely get a larger pool of potential renters to choose from.Here is the Rent-o-meter for your place:https://www.rentometer.com/results/6iSXEfQqfawYou'll notice that the average is $1,929, with rents in that area ranging from $847-$3,011