I am just starting my real estate investment efforts but plan to keep it simple and have my exit strategy ready.

Wait a sec - you go to all this EXTRA effort for somebody who wouldn't have qualified in any case, due to insufficient income?

There is no doubt that with continuous efforts of deleveraging by policy makers, the housing market becomes a lot healthier than before.

We want to finish this current flip then really concentrate our efforts much more than last year.

Thanks to BG, 2014 is shaping up to be the year I make my first bona fide, genuine, certifiable real estate investment purchase.

It may just be the lighting of the picture, but even if you can't make more space you can at least try to brighten it up.Or depending on what's on the other side behind the sink and how much effort you want to put into it, you could also put in an opening like in this picture.

I was hoping to find some genuine people to network with and learn from.

For their efforts each will receive 25%. 

Property management of a handful of properties nearby (as I stated initially) is well worth the time and effort.

I figured given the liquidity risk (funds are tied up) and performance risk (amount of effort/execution that goes with rehabbing) the required return must be fairly high relative to required return with other property types.