Those are just suggestions on that subject.

I recently bought a book on the subject but have not had time to read it yet.

Then why using the EXACT same numbers just a different subject, and suddenly you all say "Hey to works"?!?!!

I'm surprised you haven't been banned yet with your condescending attitude towards  other peoples experiences which only derails the integrity of the subject matter and exposes your own maturity level.And to answer your question, I'm here responding because I have purchased 7 properties in all cash over the years making my personal experience a perfect fit to answer this particular subject as I have first hand experience and can provide actual value to the subject.

In my lay opinion the LLCs you create to bundle your investor funds are investment contracts subject to registration. 

The subject property you listed is in a solid location, its close to both Short and Long Sands Beach (two beaches in the area). 

I would recommend doing a prescreen on the subject property with a lender before getting under contract.  

It was just a way to earn a few extra bucks when the circumstances proved right.The same for subject to deals; loan subordination; purchasing of “discounted” notes, or hard money lending.  

Motivation is an emotional state. 2 people subjected to the same environment will inherently act differently and thus proves it is not possible to target motivation.A motivated seller is not someone in foreclosure or is an absentee owner or is in tax trouble.A motivated seller is anyone willing to sell their house below market value no matter the reason.Everyone, please stop telling others to stay consistent.Let me tell you something, coming from a (NASA) scientist and engineer.When something does NOT work, you don't "do more" you don't stay consistent.

Appraisals are subjective and don't necessarily reflect what a similar property could be purchased for if you're looking hard enough or if you have the ability to pay all cash and depends on how motivated the seller is and also the venue you are purchasing from or way you are obtaining title