I am interested in knowing if it is unheard of for a real estate investor, specifically, someone who is in the business of flipping houses, ever considers mentoring someone new to the field free of charge or even for a fee.  

Secondly, the fact that anyone is promoting that high of an LTV is another huge red flag since that's simply unheard of.

It is not unheard of to get qualified for 300K purchase price from one bank, show it to the bank down the street and get qualified for 330K.If it is working in your favor, just smile and act like its normal.

Jason is actually in a good spot there, since 1/ virtually no deals in NY go down without an attorney approval contingency (usually 2ish days), 2/ sellers disclosures are basically unheard of. 

Year 2-Monthly rent 5k, 10% vacancyTotal cash invested: 108,684, Total Investment: 348,684, NOI: 41,352, expenses: 12,648, CFBT: 22,522, $198/month/door, CoC Return: 20.72, DSCR: 2.2, Operating expense ratio: 23.4% (very good), Cash break even ratio: 52% (if vacancy drops to this number you would break even, 52% is very good), Positive leverage: Yes, Simple ROI: 6.46%, Cap rate: 11.9%Year 3-Monthly rent 6.5k, 10% vacancyTotal Cash invested: 108,684, Total Investment: 348,684, NOI: 57,552, Expenses: 12,900, CFBT: 38,470, $321/unit/month, CoC Return: 35.4%, DSCR: 3.04, Operating expense ratio: 18.38% (unheard of), Cash break even ratio: 40.68%, Positive leverage: Yes, Simple ROI: 11.0%So these numbers make it look but I think you're estimating expenses way too low.

An apartment in Northeast Ohio charging for water is unheard of.

Hey @Gary Lansford what you’re doing isn't unheard of.

That concept is almost unheard of in the career path I've led thus far, so I am excited to see how my journey unfolds with the help of this site, and all of the people who have made it so great!

I look for rentals that have a cap rate of 15% or higher (something unheard of in most areas of the country).

Not ideal, but not unheard of.Good Luck!