This does not factor in monthly servicing fees (which would reduce your effective P&I payment), or one-time fees related to for the purchase itself, loan boarding , etc. 

People were yelling and screaming how overvalued the stock was relative to its triple digits P/E.

I've been reading all sorts of books related to flipping houses and how to acquire them.

My career is directly related to construction, but they'll require me to hire a GC because its my first personal deal.My FICO is 691, plenty good to qualify, but because its my first deal, they require a score over 700 to get the 70% LTVThe deal has strong potential profit and we have the cash to do 60% LTV, but I dont want to use it all.This late in the process, what are my options to reverse course with the lender without killing the deal?

Only thing is that I know relatively little about income properties.

"I and those who are professionally related to the real estate industry use the term "real estate operator" as defined by law and the IRS Code, I didn't define this.It boils down to "Active" and "Passive" Income, active is a real estate operator, passive is an investor. 

You seem to be very in tune with the market there Sure shoot a message anytime you have questions related to Cleveland.

I  can relate to more bang for the buck in investments under 50k by seller financing the deals. 

As a side note, the term BRRRR seems to be relatively new but I'm reading a book from 2005 and the strategy discussed in it is exactly the same.

I personally do not like regular office as it is very easy for a tenant to leave a space in one night versus a built out retail space that can make it difficult to relocate and expensive.90% plus of retail closings last year were furniture and clothing related stores.