It is not unusual for the total profit to equal the rehab cost alone.I just look at what a house needs to attract retail buyers.Good Luck.Bill

10% earnest money is unusually high, and it is risky since earnest money is typically forfeited in the event you don't close (it is almost universally regarded as liquidated damages in the event of a suit for specific performance- which someone asked about recently in another post).  

Forcing a new home owner to tear out old unpermited work is very unusual.

There is nothing unusual about the way they have put this together. 

Seems like that's unusual - in all the locations I'm familiar with, you simply take over the existing lease.  

For anyone familiar with Texas or Oklahoma houses,,,,other states too I am sure, this house has about 1/3 stone....that 80's, brown, limestone plastered on the house.  

The growing popularity of cost segregation, paired with bonus depreciation, can provide large "losses" in year 1.Your carry forward losses will typically be used when a property is sold, assuming you sell for a profit, if not before.In major Texas metros, especially in Austin, it would be quite unusual to find a property that produced more income than expenses + depreciation, at least for the first several years.If you are interested in passive investment in an apartment syndication, PM me and I'd be happy to discuss that with you further.

A spa, custom stone fountains, limestone walkways with mosaic inlays, Mediterranean-inspired landscaping and multiple verandas contribute to the resort-style grounds.

It's unusual to start with a more complex property and project such as this if you're a beginner, unless the other partners have the experience necessary. 

Hello,I have an unusual circumstance.