Thanks for your support and your questions @mineopoly. I just posted #2 and included some plans of how I want to incorporate your questions and many other questions that people have posted about the project.
Post #3 will talk about all the financials of the project - how much the house cost, how long it took to negotiate, how I negotiated the price of the house to get the most leverage, the profit margin that is expected versus the actual profit, etc etc.
Yes, contractors and permits are a huge headache and I'm going to add that to the list of posts that I want to make about the project. To answer question #3, that's mostly determined by the contractor and his crew. Every contractor has their own preferred way of bringing in their own people to do different things like plumbing, electric, painting, etc.
Thanks again for all your help with your questions and suggestions, I really appreciate your input and I hope that the future posts are much better!
Thanks. I'm on my way to your new post.