Nicely done John!

I will use my garage to store my personal things like paper files with personal information, photo albums, nice cooking pots and such.

IE if the additional premium is $50/mo but you can charge $100/mo more in rent because someone w/ a pit bull won't be able to find a comparable property that will accept that breed, its a pretty nice return. 

I have aspirations of flying for the airlines someday, but I also have aspirations of developing a RE portfolio that produces around 10k a month so I can have a FI lifestyle and live out some of my other dreams.

So your architect should provide this.Plumbing - Bring your architect a nice lunch and smile and they can help you sort this outHVAC - you may need to pay a small fee to get an engineer on board (or maybe not - ask your architect)Electrical - if this wasn't part of your initial contract with architect you will likely have to pay extra for this.

If you're looking at large multifamily properties or office buildings or contaminated land or development, you will need an attorney with certain specializations.

Hello Anjlia, it is nice to meet you.

If you want to rent do you want current cash flow or do you want safer areas with more appreciation potential.Pigtown is the closest area to downtown that is still inexpensive but currently it is not very nice area. 

That is why cap rates are lower because developers and investors want to be compensated for the time and work involved handing off a more passive asset with national tenants versus mom and pops.

Using a corporation formed for the intention of purchasing a franchise to flip a house is probably a really bad idea, unless the franchise is a real estate development/flipping business.