This is how I am processing it in my head, let me know how I may be misunderstanding it.

Bob and I already have suggested what the likely best asset would be, where, and why, though you may not like the answer ... your last post demonstrates a fundamental misunderstanding of REI IMHO, which is one thing if you are investing your own money based on this, yet quite something else when you are playing with granny's money.

Am I misunderstanding this?

This highlights the misunderstanding on how our currency system operates.

I think Flipper now gets the point about true expenses.I also think there was some misunderstanding above.The way I read it is his father purchased and received $450/m when he started.

demonstrates a fundamental misunderstanding of the function of local real estate markets, and willful ignorance of the old maxim, "Location, Location, Location." 

You get the idea.Communication does not to be overly formal but should be concise and well articulated to avoid misunderstandings.  

@Paolo RuggieriI think you may misunderstand CAP rates, their purpose and relevance, but that is a discussion for a different thread.More meaningful measure of your return for capital invested would be:Internal Rate of Return (IRR);Modified Internal Rate of Return (MIRR); or Financial Management Rate of Return (FMRR)While these "values" are also presented as ratios, they measure a series of {discounted} cash flows through time, rather than a one dimensional value at a single point in time such as Cash-on-Cash return (which is effectively what you are using the CAP rate to represent).

He pretty much said this site is not helpful or did I misunderstand his whole point of the article.

I have that, and read it line by line to them at signing, so there is no misunderstanding.