Not sure how my business is going to go this year but assuming I have $2k month self employment income, no debt, $50k cash reserve, and an excellent credit score...What is the likelihood that I will qualify for a mortgage?   

With only an acre for parking and building, your probably either limited to a single tenant or low volume garden offices (maybe a small retail strip center, but the sizes would probably dictate shorter leases and higher turnover).

Little things like soap/shampoo dispensers in the showers are low cost but help you to stand out.

What really captivates me is the concept of passive income, of course,  land ownership has always been a goal for me personally, but while my expenses are low and my responsibilities minimal, I would like to set myself up for future success.

One with a high of an $8k estimate and the othernwith a low of $12k are virtually the same to me. 

The fresh rehab usually means low capex.

Mold  air sample test came back low, more mold outside than inside. 

The market has only gone up in that area since then so I figured the comps would be low if anything.

I have a duplex I am selling that has low cashflow and a ton of equity.

I'm looking at a 50 unit foreclosure in Texas that is currently 100% low income, rent restricted housing.