The largest part of the rehab was 8 broken floor joists in one room.

If the commercial space was basically "roughed in" with A/C, cement floors, drywall, and a basic bathroom, could I save any substantial amount on the build? 

Also, if it is clear that the basement kitchen and living space is part of the first floor and rest of the home, then it should not be a problem.

Most small offices would be okay with you working under their license from home without requiring desk fees or floor time.

The basement has a serious water leak issues but other than that just updating of kitchen, flooring and bathroom and paint are needed.

AvenueWest not only has 20 years of corporate accounts that pay higher rental rates, they process all the credit cards, background checks, cleaning, property management and offer 24 hour hospitality response for guest needs.

"Market" rents and your rents may be based on very small things, such as floor plan layout, updates, other tenants (are kids always running up and down the halls making it less desirable?)

Some parts of the floor need to be redone most of it is laminate wood.

Upstairs are two floors ready to convert to apartments.The current owner claims to have $600k in work into it in the last 10 years.

Since this was my first primary residence, I didn't consider the cash-flow potential, however it was a top-floor, water view condo with it's own private roof-top deck, so I felt it had intrinsic value.