You can have rough roads in all these aspects so you need to recognize them, manage them and in some cases overcome temptations that are counter-productive, not only in your business but in your personal life, you will find relatives you've never met.

I don't really need a great knowledge of chemistry to run a chemical plant, I'd have technicians, engineers and specialists in any industry to take care of the product, but all products created in business are simply widgets, items that are aspects of production.

It's a product comprised of labor cost, material cost, land cost, utilities, permitting, etc...In my market and most of the South East you can build a nice 2,500 sq/ft home for approximately $100 per sq/ft.Adjusting for higher wages and slightly higher material cost let's assume it cost $150 to reconstruct a home a home in your area.2,500 sq/ft x $150 per sq/ft = $375,000.Now you can deduct the new home value from the average price of a home in your market

Very good product and service.

My product is usually the best on the block so minimal vacancy.

His business partner is a distributor for some nature sunshine product but their goal is to use the place for legal "herbs".

Go ductless:http://www.mitsubishicomfort.com/en/consumer/product-solutions/product-showcase

My question is regarding the billing product/software utilized for changing rent.

Can you find comps on similar product?

In Australia, no way, there are laws that will only allow foreigners to buy a certain product and its been clamped down of late.