At a minimum, it needs to stay dry, which means getting any standing water out (sump pump and french drain), ventilation (moving air will dry out excess humidity), and a vapor barrier over the soil.

This is totally wrong for several reasons:1.

From the information you have provided and don't even feel that you have done anything wrong.

Nothing is wrong with this, but it should be owned. 

From an investment perspective, there's nothing wrong with the stock market but if you invest properly into real estate or even private lending in your retirement account you can get a much higher return than 8%. 

Hi Kevin,I think you can find much better numbers than this in Toledo.Plus, you have to include calculations for maintenance, vacancy also.If you don't think anything will go wrong, it will.It's real estate and real estate is a rollercoaster.Granted, I'm local and pick up the best of the best deals due to doing it for over 10 years.I closed on a 6 unit 2 months ago.A class area IMO.$160,000 purchase price.Rehab around $80,000 (More than I budgeted).Optimized rents between $4,000 - $4,500.ARV is $350,000+The deals are out there and don't rush in.All good things take time.Much success

@Michael Plaks Check out this forum for a good laugh...single handedly points to everything wrong with the asset protection misconceptions most bigger pocket investors are guilty of.Anderson Business Advisers Asset Protection (biggerpockets.com)

What portion of the deal did those managing funds get wrong? 

I'm trying to generate a report on this deal for the last 30 min but there is something off with it and I'm not sure what I did wrong.

I even had a buyer lined up for the place as well for when the repairs / renovations were atleast 50% or more done.Also forgot to mention that their own system often has wrong or outdated info on the properties as well.As you can see I could go on but I dont think a book is needed haha, but this should give a good exampleSorry for the long post and poor formatting on it