This isnt the place to nickel and dime at the expense of quality.

It's likely that they encountered unforeseen expenses that require additional capital beyond what was initially raised. 

I am just saying, it is really expensive and not even for a mentorship.

You could be in an expensive market, like LA, but you inherited a property or you got a killer wholesale deal or subject to and the numbers could be very attractive compared to buying off the MLS for full market price in the same market.

And best part, all the offsets to it could readily make it a net-0 added expense to tax payers.

People need to be realistic about what they can afford and be willing to compromise (ie maybe they need to move to a less expensive area). 

Be sure to ask about this when talking to lenders.Keep detailed records of your expenses during the rehab.

Appreciation is EXPENSIVE!

All at the expense of shareholders, investors and homeowners.

Cap rate is a good metric.... as long as you know if all the expenses are in the scenarios.