It doesn't take into account unique situations or future innovation.

The buildings are special use and unique and there is a lot of history with them so let me explain.

@Cris Zerriny There's no typical way in real estate transactions as each is unique in it's own way.

@Cassie Perez It really depends on many factors. the answer is going to be unique to each individual, their financial state, their goals, etc. 

It sure is a different world here lolThe Historical District is very unique and beautiful IMO. 

I have the unique perspective of looking at 100+ flips a month.    

For a variance you typically have to prove a hardship and that the unique features of your property (topography, shape, etc.) prohibit you from using your property (i.e. can't build anything on it). 

California may require an LLC return filed with the state.Mobile home parks are unique as there are not as many structural components as you would have in a building.

What makes my situation somewhat unique is I'm trying to kill two birds with one stone and make renovations to my current house while also gaining financing to make my first deal. 

I don't have specific questions, but I am looking for advice on what to look out for that I may not have thought, this would be the first deal of this type for me, and it's unique.