From what I saw for the most part the big names you typically hear in insurance typically performed well for people. 

Just not sure if I should just get the 50k to pay off my loans or get more cash out of the property for reserve funds

Pay to have a GC walk with you to understand the scope of work needed for deals.

Obviously speak to a lawyer or someone with more knowledge, but I have heard of people leaving their FHA home before the first year is up for much worse reasons. 

You'll find a ton of kind, supportive, and helpful people here.Are your existing 7 properties currently in Chicago? 

Welcome to BP and best of luck investing Mitch!

Work currently in the accounting field and I’m a licensed CPA in the state of Ohio and West Virginia. 

I am not sure if the BRT abides by strict adherence to the 4:30 PM cutoff shown in the instructions. 

Tons of R6 lots still available in the area with lower price points for new homes.

I think their general stance is going to be to go with whichever comparable property has the greatest degree of similarity in terms of (probably, in this order): location, age built, quality of construction/current condition, and square footage.