Here's a link to the IRS website noting specific items that are included in the cost segregation study report on page 24.

Bottom Line:  There are market specific items that will improve your bottom line. 

So I just have her do everything but the solo 401K specific items such as annual compliance.  

You'll learn timeframes, and costs for specific items, you will learn how to deal with tenants, bookkeeping, etc.

They must have at least $4-500/month, or I won't even look at them.Joe how do you measure the CF:+Rent-What specific items  Minus all the hard monthly fees and costs that come out of the pocket of the REI.

There may be some specific item you learn that proves valuable.

The prepaid reserves are your escrow funds for those specific items (taxes, insurance, etc.)And I agree: just using a quick and dirty 2% rule, this is a bad deal and extremely risky for you in general.Is it possible to find a Flip-In in your neighborhood?

There are standards of practice and specific items that they are required to address and note as deficient or missing.