So, if you are looking at a $200K ARV and a $600K ARV home, the kitchen in the latter is not 3x more expensive than that in the former, which is what is implied by a static ratio like the formula.

This Contract gives safety for the next upcoming steps, which it implies, between other things, the payment of taxes and fees of the municipal courts, etc...

Even then, $1400 is a long way from the $2200 break even implied by the $9 million price.

On the last page someone implied it is bad that you took the first steps and then asked "what now?"

To omit photos of the kitchen or bath implies they are ugly/dated.

People think appreciation is not guaranteed but in San Diego in the long term it has always gone up.  1, 3, 5, 10, 20, 30, 40, 50 years makes no difference the properties have appreciated (this is not to imply that there are not some short periods of depreciation - long term it appreciates).  

The Realtor ethics say they are just for Realtors (implying Realtors may be more ethical than regular old agents), but they seem to mostly duplicate the same ethical requirements of any licensed real estate agent, at least in my state. 

Hire a good, reputable trainer with a proven track record that will drop into your market and set you up in business so that you are generating an income in 8 weeks or less.  

For someone to offer you an investment opportunity to get a 40% return implies they are able to get more than 40% or they don't have enough money to do the investment.Nothing wrong with turn-key investments.

I don't like "discount" it implies some static value to a property.