Does the LLC legally own the property that was purchased? 

Basically, what these guys did to some of our Real Wealth Network members allegedly is:- GEG showed RWN some of the properties they had renovated and leased out to prove their business model- They told our members via a webinar that they buy, renovate and sell rental properties below market value to investors with 8% cash flow- They said they offer non-recourse financing at 50% LTVIn reality, GEG sold properties that were not always renovated - even if the price point reflected a renovation.

My question is can I purchase this property, renovate the top two units and just leave the basement as is?

Renovation cost is roughly $30K.I guess what throws me off is that you say Cash invested: $60 

Repair costs in first 1 month of owning (this is renovated house done by seller, not me.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

So Keep your property but don't mid-term unless it is very small house and would appeal to traveling nurses on 3 month gigs.

We can buy the house for maybe 125k and he estimates 120k in renovations.

I plan to invest into smaller multi-family 2-5 unit turnkey properties.

It all started with removing some interior walls and changing the floor plan, removing a chimney, adding a bedroom and bathroom, installing patio door to the backyard, and completely renovating every other interior element What was the outcome?