And how do you determine your company's returns on these types of projects? 

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Be sure to tell your accountant that you may now need to file non-resident income tax returns in each state where you own property as well.

I plan to sell my Vegas condo and it looks like I'll be able to make about a 35-40K return.

While this would not necessarily result in immediate taxes (because it can be offset by your lifetime gift and estate tax exclusion), a gift tax return (Form 709) would need to be filed.

I haven't heard of that company, but if you are looking for done-for-you real estate investing then just know that your returns are going to be significantly lower.

I see investors all over the country making 30%+ cash-on-cash return, BUT there are also people throwing money out of the window.

But you also have to apply your level of risk aversion or risk adjusted return.  

After that, they have returned 2 more times and I assume they are going to do their best to be allowed to get in the property.

Not sure of very many places you can get that kind of return on a $1,000 investment.So, let's see...initial output of $1,000 ROI of $11,000...isn't that 1,000%?!

Are you accounting for everything—taxes, property management, maintenance, insurance, reserves—and still hitting your target returns?