Me thinks it's because he read this somewhere and he thinks it makes him sound intelligent but he is unwilling or unable to defend it.  

And doesn't insult my intelligence by telling a tear down just needs "paint and carpet".

Its a short read about how money works in the simplest terms possible, and since REI is all about financial freedom, it really helps to lay an intelligent groundwork.

If we start talking about IRR, instead of CoC (which is the logical and intelligent thing to do) those 10%, 15%, and 30% numbers become a lot easier to hit...except IRR involves exiting the property, meaning the money will need to be reinvested somewhere else to keep earning you a return.

Use it all, take a piece, whatever - just make an intelligent, well-though-out decision because you are an intelligent person!

FTR, Don Konipol is a very intelligent person who has been investing since forever. 

Maybe we're your reno cost last year was artificially low?

I suspect my skills fall into these areas as I have a few...business intelligence..business analyst/Project management..data/financial analyst/mgr..customer experience etc..I'm both business and tech both worker and management...Is there any place to find these companies that you know of?

Granted, lending restrictions have change quite a bit and many of those stories couldn't happen today, but I'm high on that feeling that I can make anything work out of I'm creative and intelligent enough.On the topic of banks - what must I do to become more attractive to lenders?

I'm not talking about finding buyer/seller but about the actual knowledge base one needs to (intelligently) talk with and do deals with people.