Now all I need is a gap-funder who will invest the other 20%...now the work begins and with my experience, skill and hustle as a Realtor not only do I know I can get this done but I will.Every no is one step closer to a yes and I only need one person to say yes!

I am an IT guy so I don’t get to many opportunities to sharpen my decorating skills.

Meaning, for every homeowner who is under insured by 5% (remember, that valuation is subjectively determined and subject to change depending on a contractor's skill...etc) there will be one who is 5% over insured (again subjective and subject to non-robotic human craftsman, and variables).But, that is why carriers use the 3rd party rating systems mentioned in your posted article.  

My wife is an amazing attorney and I know her skills will definitely help here.

Your cf, skills and work ethic can yield many plants.  

But maybe new development is not happening due to high cost / labor shortage or other reasons.

Even though I can find properties that will generate better returns they take considerably more management skill or they will turn bad very fast.

There is no demand shortage for renovated Class B.  

What do you think is driving this, the shortage in inventory or rising rates?

Depending on your market and your sales and tenacity skills.. sky's the limit in terms of income.