Soon I would be doing a home a month+. 

The problem is these homes are 60-120 years old and because of the low value neighborhoods, nobody has ever made any capital improvements beyond duct tape.

IT can definitely be improved from an ROI standpoint with metered and reassigning all utilities, charging for laundry, renting garages to tenants, renting storage space.I own a portfolio of duplexes and single family properties that are doing well. 

The home was a bank foreclosure from a reverse mortgage.

You've earned $132,000 more by splitting your money and leveraging it.There are other benefits to leveraged homes.

As for the project, I assume Current is doing the horizontal development and will sell the improved lots for vertical construction, is that accurate?

Improvements on property you own do not qualify.2.

Everyone thinks they can paint but there's a big difference between a professional paint job and a non-professional one (the latter usually actually damages the property instead of improving it). 

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $140,000

Cash invested: $24,000

Sale price: $220,000

I knew from the start that I was going to buy this propert...

In fact, I've managed hundreds of homes, thousands of renters, and I've never run across one.