During the worst depression in history, people were buying garments the raw materials for which cost between 6 months and year's worth of average wages.  

Title insurance won't cover that, you need to clear the taxes before any loan can be obtained for rehab and I wouldn't rehab a place with tax liens pending, involuntary liens have a way of discouraging others to get involved, contractors, material suppliers, lenders, not to mention that taxes may need to be cleared before a building permit might be issued! 

first thing is to determine what material the water pipe are made of.

Then you have to have material participation in an activity to not be subject to the limitations.

I'll be starting on the materials you provided me tomorrow morning.  

Consider demographics such as gender, family makeup, life stage—and come up with topics for each segment.Re-purpose current materials.

Hi Mark and Wife ( I didn't catch your name on your profile),Since you're interested in renting out both spaces long term and living in one of them short term, I would suggest going with a medium grade and quality material, with the lowest maintenance possible.  

I am also looking for an experienced GC that would like to partner up on flips providing labor and materials while I find the deal, finance the purchase, will help in the PM, and will handle the marketing in this 50/50 relationship that I want to continue in more projects all over the bay/sac/central valley.

Make sure you go through the education materials available to you.

Frank Romine Any reading material/advice on managing rentals/landlording from afar?