The typical income from a free and clear rental would probably be $800-1500/month - and on a financed rental probably $300/month on a good day in today’s market.  

That's a typical scenario and could cost you $10,000 - $15,000 so that would be a good starting point for your reserve.But there's more!

The typical project sells out in 30-45 days, though one of them took longer.All of our projects have a detailed Purchase and Sale Agreement (PSA) that buyers sign with details on terms and construction timelines.

We typically pay somewhere in the range of $3500 for a new, basic furnance, including install, if there are no other modifications to the system required.  

"-  Section 8 rentals typically follow a purchase and rehab project. 

It's people who understand that it takes effort to become successful, typically from CA at this point, and have a way of showing those characteristics, do best.

Additionally, there typically are additional state protections (outside of the agreement) based on where the fund is located.

This new twist of claiming you owe them money is a typical scam tactic to put you on the defensive so you won't contact them about the money they actually owe you. 

If so is there a typical investor profile? 

If cash flow means you make $8 more than your mortgage payment in month 4, awesome, you have $8 for that month.But.... if you factor in closing costs, make ready costs, leasing costs, repairs... it's typically years out until TRUE cash flow, with a value add or a turnkey (unless you absolutely knock it out of the park with a BRRRR and then somehow cash flow after the refi, which I guess is possible but very unlikely.)