The main reason that the income approach is used for commercial properties is because of leasehold considerations. 

We’ve had some cost overruns, mainly due to the bathtubs, kitchen cabinetry, and subfloors having to be replaced.

I have been doing rehabs over the past 15 years myself, mainly live and flips and learned as I went.

Of course, as one of the main organizers making it easier for them to network and learn, I became a valuable commodity to them as well.

For instance, main house has gas heat, water heater and range but everything in the studio is electric.

Is there a good educational element as well?

However In our purchase agreement, we only have the address of the main property.

Because properties in NYC are so very expensive were mainly looking in New Jersey and other markets were familiar with (upstate ny, western mass, Central CT)It seems from this forum and everything else I've been reading is that the best way to acquire your first property is through an FHA loan where you can put down 3.5% if you occupy the property.

The main reason was I was tired of losing out on listings to the market leader in my area.  

You post a thread bashing realtors with your main argument being they cost you 10k, but you won't provide detials?