My simple formula is to count warm bodies.

Creating a life by design and not by default requires resilience and ingenuity. 

About 2200sq ft is the design I have in mind.

I guess we now just need to figure out how to draft the documents for this arrangement.I also assume that we could somehow designate any maintenance/repairs issues that would typically fall on a landlord to be responsible for would be deducted from the escrow account? 

It is designed more for a high credit score delinquent borrower with negative equity not a defaulted borrower.  

Soft Cost = Architectural Design Fee, Permit Fee, Holding Cost...Hard Cost = Grading, Concrete, Rough Carpentry...and if you don't know what to account for, simply ask.this website is great in helping people find answers.Cheers.

P.S:You will want to discuss your plans for development with a architect/designer, and structural engineer, again in person.

People can have a wonderful "online" persona, but you can see their body language, guage their tone, and see if they can answer questions without googling it first before posting a response.

Thank you @Terry McCoyI wanted to just let yo know even though no body is replying to your post, there is someone using the information you provided. 

The first thing you need is to find a good architect who is an expert in designing multi use building and understand the development process.