that way @Steve Raymond and others may be able to bring you a deal, that you are actually interested to look at....Gerald, Are the rehab you do light,moderate or labor intensive?

I say pick 10,000 immigrant families that want to come to America to invest their money, minds, labor and place them in Detroit for example.

Yes, those starting out, and beyond, who are self employed look for every expenses they can, some exaggerate and that reduces your ability to borrow.

The plan now may be waiting on market changes building nicer homes than originally proposed.Lots of assumptions can be made.Best way to learn in the developing arena is 1. get with a developer and prostitute yourself with labor to hang around and learn or 2. do the same with a civil engineer that is active in developments.

If there is a slip and fall claim made by a biz customer, the tenant biz policy will defend you, greatly reducing the likelihood that your policy would pay any part of the liability claim.   

It's been producing a LOT of carbon monoxide, so much that I feel like it's a hazard to go into the basement to work on it.Does anyone have any ideas about how I can 1) reduce the amount of carbon monoxide produced or 2) better mitigate?

Be sure and do proper screening to help reduce chances of getting a bad tenant.

Your shouldn't spend a whole lot on materials, most of your cost will be in labor.  

His did not work out, and he believes the reason is that he did not have the ability to get quotes from multiple contractors and thus ended up with unnecessarily high labor cost.

You and he are partners, your contribution is labor and management.