However after all the work thats required which includes landscape, parking lot, fencing lighting and interior/exterior work, it looks like the presumed cost of remodeling it will be double that, although Im not positive (still taking bids).Ive priced a comparable property in our area which has similar square footage and lot size and they seem to be going between $700-800k, and so my question is: based on a higher than expected construction cost which is necessary to finish our project, one which will exceed the amount of money of what a similar property goes for in our neighbrhood, should I continue with this project, or an alternative plan would be to simply beautify it for approximately 100-150k and ditch the plans, and flip it instead for approximately 700-800k now that its zoned commercial.My fear is that if I do invest the moneys to finish the project over the budget I initially priced it for, and the business doesnt take off, I would initially lose money on this investment.Thank you for taking the time reading this.

I have been reading books, watching a few videos (although most seem like they are selling something), and reading articles online.

You are not shielded by a property manager if you sign some of the indemnification agreements I have seen although there are another set of eyes on the property. 

I have a small background in construction -- I used to do small jobs like tear up carpet or help cut or demolish sheet rock for my local church -- so I'd like to try serving as my own general contractor.

My son is in his 30s and just now getting into it (even after years of listening to me :-)I'd say yes, get him started early......but do NOT do it for him.

Talking to sponsors although it seems like the thing to do is sort of a waste of time since everyone knows all the answers to your 21 questions.

I sent you a DM, and I’d be happy to hear to hear more about what you’re looking for with purchasing a duplex.

I’d never do an owner finance with someone I know will fail.

I'd be happy to get you in touch with them to see if it would be an appropriate fit, just let me know. 

ThanksEDIT: I am just out side of Asheville in a smaller community. modular isn't the answer for development. value is lower, quality is lower, I'd recommend stick built always it's how 99% of homes are built or block. in North Carolina I'm sure it's stick built