I agree 70% rule is kind of simplification, but finally i see the main difference between flipping and building is that while flipping goes you earn money on buying with cheapest repairing, but while new development/deep rehab goes you earn money getting adding value for highest market price comparing of rounded properties in this location. 

If it's pier & beam, then that perimeter footing (spread footing) should probably have been 6" - 12" deep.

Without getting too deep into the numbers, I decided to refi out as much equity as I could and likely lower my month cashflow.  

I'm finishing up a hold and the closet for the washer/dryer is a bit small- the space I'm working with is about 29.5" wide and 27.5" deep.

So to sit on the board of one of these top-tier sites, you would need pretty deep pockets to invest in them as a company (let alone before you started to invest in any real estate).

Now that we're moving back to KY I want to ease into it since I first and foremost have a family (3 kids) to settle in.Have identified a couple of MFs so will look deep into those.

I have read number of blogs, YouTube videos, countless hours of research, deep thinking on RE (big picture stuff), also been to a real estate workshop.

Over the years of struggling in this business, trying to put deals together, working to earn a commission or an equity profit, I am blessed to have had the ability to be innovated and with creative imagination to invent systems, techniques and concepts that produced short cuts and made my job easier, rewarding and fun.Some things I have used or invented to help myself and associates to relieve the pressures of this business:A business card that people keep and play with and ask me for moreA Indian Head Nickel that has gotten the attention of bankers, prospects and many people who have received it.

I plan on investing outside of Chicago also but in terms of the lower class neighborhoods in the deep city where the properties are really cheap, I want to go the section 8 only route.

Mainly because without deep level knowledge those unknown little mistakes add up to big amounts of lost money ( a compounding effect ).The same holds true when when you are an expert in something in that you catch almost all the little things that can really eat into your success with an investment.