A "bad" to one person can be an "ok" to another - so it's subjective and if you're basing your whole investment thesis off of one person's opinion you're not going to have a great time. 

Any decision you make in rehab should be based on how that will increase your rent. 1.

Besides Cobbs Creek - what areas would you suggest based on the information I gave above?

I haven't yet, but my next deal, I think I will get my investors a wood etching of their home (based on the photography) and maybe "My First Flip" or maybe the sale $ or something investor-y.

A 100% equity property is nothing more than a trophy, with the cost to buy it based on how much cash you put into it. 

He was decidedly more excited about that idea.In terms of money, my initial thoughts were that the equity in the property would change over time as individuals contributed more throughout months/years until an agreed amount of parity was reached based on whatever the property called for: i.e. everyone owning a 2bed/2bath had contributed the same amount of capital, that sort of thing.

However, as a high earner, you might be subject to the Social Security tax wage base limit, which is $147,000 (as of 2022).

That is important because it allows you to see if the answers you heard match what you see on the ground.

I assumed I could cashflow for 20% or more, so I want to see if I need to adjust my expectations based on the experience of others. 

Do you have US based credit scores?