I am involved with all aspects of the company.I have come to BP because I am looking to network with/learn from successful real estate investors.Real estate interests:Flipping Spec homesRentalsI also have my construction supervisors license.

Have a good understanding of all aspects of real estate.It sounds like you have done your research already, and knowledge is key in this industry. 

The city assessment has nothing to do with the fair market value of the building nor the financing aspect.

I will not go into detail here on this post for fear of boredom, but this is a federal law that requires disclosure in all aspects of dealing with a property built before 1978. 

As a serial IT entrepreneur and RE investor, I was interested in existing scientific approaches for the last 4 months.

I would push back on the 24/7/365 aspect of either rental properties or car washes.

I viewed the property (as a spectator), but I legally couldn’t do anything yet.

So I guess I am wondering why insure the property itself, seems like a waste.you're not accounting for the liability aspect. you have tenants, your liability insurance covers them.

However I feel like one MAJOR aspect is overlooked in his approach.

You would be better served focusing on other aspects of your life and financial situation before trying to get into real estate. 1) Leverage your college degree to get a higher paying job2) Refinance or pay down your student loans.