I am and have been for 15 years a professional personal trainer and health coach and own a online training business.

Also, you stated in this article "if your cash on cash return was 16%"  does this imply I would put up the down payment and borrow the rest from investors? 

It cracks me up how much gibberish I see here.With that information in mind, you stated you are a "new real estate investor" which implies you may have money to spend.

So I guess my minimum would be a 20% profit with lower effort (more effort implies I desire more profit). 

@David Faulkner, I've considered live-in flips but have not looked for small, ugly homes and adding rooms (I think that's what you are implying).

It would be a tough sell if you your implying your trying to flip from a far.

@Aris Dizon i took my license in San Diego and the best way to prepare in my opinion is to take the prep course from real estate trainers.

If a down payment was made, it would no longer be sitting in a Buyer/Borrower's bank account as it implies the action is complete.  

For instance, there have been some  responses stating that (to paraphrase ) "you can be liable for double or triple the damages should a judge rule against you", implying that if you make a mistake in the interpretation of the deposit, you could be on the hook for much more than the amount of the deposit.

So if we are to assume the PV (or purchase price) is $461K the implied interest rate is about 1%.