People listing a budget of 50k, 100k, 200k in NJ (never will happen).

Start with your budget then think about location.This is a really vague question. 

But, there are still deals that can make sense depending on your budget. 

I was budgeting for 10% per unit (about $50) but unfortunately my current company has a minimum of $75 per unit, giving me a monthly of $300.

Under this rule, if you spend at least 100 hours on the property and no one else exceeds your time spent, you can qualify as materially participating.

• The “Tour Guide” makes the opposite mistake: they spend all their time pointing out flaws and justifying a low offer.

Also, having a rehab budget already laid out with explanations on how you got the numbers would help and is definitely a plus when I look at deals even though I typically wont use their numbers it at least shows a little more effort. 

Overall, you're spending $25k in extra costs and a monthly pmt that's $500 higher to keep $50k in your bank account. 

Also offer incentives for our maintenance team to bring project in on budget and on time.

Doing a flip right now thats gone over budget/timeline.