So for us moving on to Apartments , and New construction made more sense.

I really only do it with my bizz partners to show them new construction homes we have built and my wife has listed..

With the prices others are paying I don't feel there would be enough meat on the bone for me and I want to be conservative and have a buffer if and when rates increase and the market stagnates.

Regulate less of that degree with emphasis in real estate I felt more comfortable in the construction business.

Grew up in a commercial construction family business in ND.

I would like to do at least a gut out rehab, or something that will cost 100-150k in construction cost to create enough sweat equity and bring down ARV and bring up profit.My question is, how easy can you sell a property when it came from REO or have foundation issues?

Basements are never included in the insurance rebuild cost.Regarding the premium question, it depends on the age and construction of the building.  

I am from Chicago, I have a construction company which 90% of our work is for investors so its still into the flipping and rental business.

Does it start when land was acquired or once the house is constructed?

Ok, now that you have taken your initial step, below are some quick links to get engaged.Since you expressed an interest in the three most popular niches, I added all of them for your review, as well as Podcast 042 that focuses on wholesaling.http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property)http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips)https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/ (Ultimate beginners guide to wholesaling)https://www.biggerpockets.com/renewsblog/2013/10/31/wholesaling-podcast-mike-nelson/ (BP Podcast 042 - wholesaling) http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/forums/categorieshttps://www.udemy.com/biggerpockets-real-estate-investing-course/ (video with 64 lectures and approx 6hrs of material)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REI)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?