If this new person is taking over your company, I would have serious doubts about your ability to continue to operate successfully, especially if you're "totally not involved in all aspects and decision making"Some food for thought, fill in some gaps so we can better evaluate whats really going on.

Evaluating an investment dispassionately at any given time and not letting the purchase price / costs determine your opinion of the selling price,4.

Then you evaluate what the seller is giving you on the excel spreadsheets.

That's saying that one's opinion as to how to evaluate a market that is unconventional or based on assumption will be just that, opinion and opinions are not objective, they will be subjective.

Level "1" at Fabricator "A" may be the same price as level "2" at fabricator "B" Pricing "levels" are pretty much just a marketing thing and should be evaluated as just that.

The rule is more of a guideline when evaluating a property.

I would evaluate if you will have to paint or replace carpets after they move.I would still run their background check / credit check.

So be aware of that when evaluating comps.

The 70% rule probably also takes in to account the holding costs like utilities and a few months of property taxes that a non-rehabber wouldn't consider when evaluating a distressed deal. 

I am currently evaluating a transaction to purchase 14 brick duplexes in a package deal for $1.6 MM.