My uncle owns 40 units and has been doing real estate for a long time.

I picked up a set of very nice cabinets that my uncle just took out of a kitchen that was only 7 years old that are going to almost perfectly fit in the space i have to work with. 

Soft and horizontal up through foundation.My capitalistic decamillioniaire likes 3pts, 8.5%, 1yr flips, 70% PP, 70% rehab and he has to approve the deal.My brother, mother, uncle, cousin, bro in law and other true friends I don't know their criteria because I value our relationship above another deal. 

Josh Rogers How did you come up with $80k in repair costs?

As long as the median vacancy remains below 25% they probably cash-flow for them; where you and I couldn't make these cash-flow unless we had a rich uncle who was willing to give us an unlimited quantity of cheap long-term interest-only loans with zero-down like these guys are getting.I was really hoping someone who works for a big REIT would jump into this thread too, and let me know how far off I am on any of the assumptions I've made. 

However, my uncle and girlfriend think it's a bad idea and I'm throwing out my money.

Originally posted by @Roger Poole:Following, same as OP single debt free E6 overseas.

Roger can deduct $484 (50% × $968) as a rental expense.

@Roger Beaman Everyone has a different definition see below.I guess my point is the higher end the property and clientele the higher level of service that is expected and should be provided so that they renew their lease.

Roger that @Lane Kawaoka :) I will definitely make sure to do my research on blind pool funds and be wary of them.