We are purchasing 1.39 acres of land and plan to utilize a workforce housing ordinance through the county to reduce the required lot size to fit more houses onto the land. 

@Jason MalabutePlease read this https://www.biggerpockets.com/forums/51/topics/998718-explai...

I'm going to run some details by you and I'd like all of you who feel you are qualified to advise me so I can learn how to properly analyze these deals and be more cognizant of potential pitfalls/mistakes:So, I found this property off market in a Chicago real estate investment group.

Obviously, less monies towards the down-payment is more monies towards renovations.

Hopefully, new legislation will change things to entice more carriers to the state.I suggest you reach out to your local insurance broker (where you plan to invest) and explain what you are looking for in a rental dwelling policy. 

During the sales and escrow process everything was much more loosely goosey in commercial.  

But if it’s more substantial, like protecting the floor and adding years to its lifespan, then it’s likely an improvement, which means you’d need to capitalize it unless you can use that safe harbor.

More on how that is calculated below.

Both of these groups tend to want more business and so are not terribly hard to find.Contractors are hyper local, and typically, as a flipper, once I find some good ones, I don't share them with others because I don't want them to be too busy for my projects.  

There are probably more.