People were so quick to say he was way off base.   

I'm sure it was highway robbery - it certainly was based on the man-hours it took - but when you are in a desperate situation, you do what you have to do to get yourself out of it.  

The cash flow that you need to achieve should be based off the rest of your portfolio and your financial situation as a whole.

I'm looking to purchase my first rental property and have been searching for a deal that would generate positive cash flow based on my projections.

As to your point about confusion in the future, it's our policy to leave the conversation and thread open and available for anyone to read, they can gather all of the information and make an informed decision for themselves based on ALL the information provided.

Based on the questions you are asking I think you need to spend more time listening to podcasts like Bigger Pockets and Bigger Pockets Rookie.

Based on the design, I would go with sororities if possible.

https://retipster.com/164-arturo-paturzo/Your situation reminds me of this podcast.  

Since you know what you need to buy it at and an average rehab cost, I would say $50-70k for a cosmetic flip, set the ARV based on the sample you choose and doing comps and ask them if they would invest in a deal similar to this. 

Do you know an approximation of how much the cost segregation with speed up the depreciation, ie 30% of depreciable base(price minus land)?