I am a general contractor in Chicago, and there is no denying that the inspections can be quite challenging, but we have found the inspection process (for us) has improved over time. 

I need to learn how to leverage equity in my property, how to improve cash flow, how to improve my property, understand book-keeping, create the right structures to limit liability, create the proper structures for tax, and learn how to find deals.

I'm really interested in creating equity in multifamily via improvements on 4 units and up.

It certainly could improve your cash flow but it won't help with finding prospects, screening tenants, maintenance, deposit dispositions, etc. 

Visibility should lead to improvement.  

The development has emphasized aesthetic appeal, creating 2 acres of park space with benches, using top-of-the-line finishes for the building, maximizing the preservation of trees on the North end, and improving the roadway of Franconia-Springfield Parkway and Beulah Street.

Improvements are a cost basis not a value add.  

This way they have a good cashflow, a lot of credit for capital gain due to capital improvement and a forced appreciation of your asset. 

Hostile HOAAnd of course financing.. what if you need off site improvements how are you going to pay those is the local jurisdiction going to help or you have to pay it.. or can you do an improvement district with some sort of bond act.

Property is currently worth $425k before the land improvements and development of $365k being added. $790k turning into a multimillion property seems like it's too good to be true.