Looks like we're mirroring each other: I used to live in San Francisco working in hotels, and currently live in LA right now. 

Then I saw a review claiming the positive reviews were all smoke and mirrors and that they basically make people go around placing "We buy ugly houses" signs everywhere and it's not very legit Does anybody have any experience with this company?

There's a lot of smoke and mirrors around apartment syndications, how they're financed, how the investors are paid back and the risk involved in the transaction.Your example is approximately a 6 cap property.

I have a guy that works way cheaper then he should and does them for about $1300 labor which I know is crazy so I am trying to get a grasp on reality when I start shopping rates again.For a small full bathroom we typically do a complete gut except we keep the tub and reglaze it -  Labor usually consists of ceramic tile shower surround/tile floor - new toilet,light,mirror,towel bar,faucet, shower head - trim and painI know this is region specific but just interested to hear others

Example offer contract from one of my mentorsPurchase Price: $2,000,000Terms: $200,000 cash down Seller to carry a 1st via an All Inclusive Trust Deed on mirror terms with a principal balance of approximately $1,000,000 at 4% annual interest rateSeller to carry a 2nd for balance of approximately $800,000 with an annualized interest rate of 4%, 10 year term, fully amortized, due in full on December 31, 2030Seller to be named on property insurance policy to protect seller's investment

Given the area of Del Cerro, we used high end finishes throughout and every detail was carefully picked out from the door knobs to the iPad control station to Bose surround sound throughout the house to LED mirrors to the Versailles travertine floors to the wall hung toilets to the custom cabinets w/ granite countertops, etc...Nothing was left untouched!

Looking back retrospectively, I notice that the Borrower also has another loan also in San Fran that mirrors what is going on here (in timeline to the month -I'm not in on this second deal):-12 month note; -Loan reached maturity early summer; Borrower declared both projects "behind schedule" over the summer, after note maturity.

Namely, paint, scrape ceiling, change faucets and bath mirrors and flooring.

I love the bathroom standing in front of the mirror selfies, if they show me how the bath tub or sink are maintained.

Smoke and mirrors?