I am curious though, what type of deals are you referring to?

Are you referring to Josh Stanton, the real estate agent?

I suppose you are referring to origination, right? 

Are you referring to small MF, or are you interested in a syndication into large MF apartments?

For reference sake, local factory workers and starting teachers make between $41,000 and $60,000 in one of my local communities. 

Evan, looks like maybe what your referring to is that any personal property is classified as sec 1245 so the recapture on that portion is taxed as ordinary income (and rest of property is taxed differently). 

The renos are usually around 100k when it costs about 5k to buy just for reference, but they come in all shapes and prices.

Here is a reference that explains:https://www.nolo.com/legal-encyclopedia/intestate-succession...2.

Also, per the images, a crack develops in the kitchen, on the other side of the house where the wall meets the ceiling. 

Your images matter.