In my mind this negligent behavior from standard business practices has negatively impacted the operations of the property. 

I hadn't considered it since the project will likely be no more than a few days.Future dock injuries are already something I'm planning to cover through a different policy associated with the business operations and unfortunately, you can't get a dock warranty on something like this.

Reason being, real estate, transactionally, is a pretty slow business. 

Which rental strategy to implement  comes down to your goals and how much time you want to spend managing properties. 

Problem is, the lenders my Realtor has done business with will not do a loan for a studio.

Make sure you review those before buying so you aren't stuck without a, legally viable, business strategy. 

Stare at the beauty of the work with a sense of wonderment and congratulate yourself on implementing the most awesomesauce window solution possible.

The historic preservation tax credits are federal tax credits that encourage property developers and owners to rehabilitate and preserve historic and non-historic buildings used in trade or business or held for the production of income.

My wife and I had 2 long term rental properties in the past and sold them due to other business endeavors.

I recommend consulting an attorney who specializes in business and real estate law before making a decision.