Here are some more details:4500 sq ft. total. (1125 per unit)parking lot / community wash and dryer roomGC to get permits, material, all things that apply to building the structure.2 bed 2 bath.I want to buy an acre of land and put it up as collateral for a construction loan.

So if you are like me, the hair on the back of your neck stands up with that info. 

The repairs truly are minor: there is a section of a wooden fence leaning against a chain link fence that needs to be taken to the curb for trash pick up (it is not attached to anything), the concrete floor of the laundry room needs to be painted, the laundry dryer vent was installed backwards, weeds need to be pulled from near the crawl space vent, the front porch railing needs to be scraped and painted, and a few other things along those lines.

Some areas require washer/dryer, other don't even require a stove.

The appliances including washer and dryer ran me $1350.

While a retail drug operation may be required to be in a store front, you might check on personal services, massages, hair dresser, etc. can usually be performed in ones home with few restrictions (usually limited signage and parking and by appointment only!)

http://www.biggerpockets.com/renewsblog/2011/08/08/is-your-significant-other-on-board-with-your-hair-brained-house-flipping-scheme/This is the link to @Danny Johnson's article.

my girlfriend, before I met her, bought a washer/dryer combo from home depot for no interest if paid in 6 months.

Worst case the "investors" take a hair cut when they sell.

As I was getting my hair cut (and dyed) yesterday, two hairdressers asked me for advice regarding buying rentals and personal homes.