There are some people betting on the area because it is so close to the train station and the redevelopment that has been coming along with it.  

I think you best bet in that size is going to be a kitchen with eat-in space and a combined room with the rest of the space.

Since you got the smack down and having it inside is not ok then my bet is they have done some good research and the ordinance is air tight.

See, you weren't tagged in the last post, but I am betting you will be in this one.fyi  @Joshua Dorkin 

They aren't always true.And on the insurance question, if you have first-hand knowledge of illegal activities (federally speaking) and use of a property for other then which you are insured (habitation) and are allowing this explicitly, there are many policies that could attempt to deny your claim.  

So like a great RE agent I bet there are wholesalers that make 300 to a million or more and there are probably some super wholesalers that move tapes and such that make much more.

I feel confident in my ability to estimate, but I'm not sure that I'd bet $10,000 on it!

I got lots of notes without putting money in, my credit and ability to pay was seen as a much safer bet, small discount and interest spread and you continue to march.

Certainly an investor is not going to give full rein to the agent.Gc overseeing the rehab - good luck having them include design and pickibg out items for each house, good luck paying them cost plus and keeping them incentivized to keep costs down.Finally, even after you take all the these cost factors, by the time you get to your final figure, I bet it comes out damn close to 50% of profit, which as Justin pointed out, us quite different from costs.KISS is in order here, no need to make it so complicated.

Bet you have a headache!