Or am I incorrect?

And a bunch of the "clean work" they've done is incorrect, or they have a bunch of personal expenses listed in there- and what should have taken me 1 hour takes 3 instead.

I may be reading this incorrectly though.

In general, for narrow lot (25' frontage, but I could have that exact number incorrect), a 3' setback is standard. 

I was just asking so I could learn and see if my way of thinking was incorrect.

This response is incorrect as it related to rental housing. 

I too have a flip business on the side.After doing some research and reading some more on BP regarding syndication, I'm coming away with the notion (perhaps incorrectly) that syndication may be a shorter term play than my long term goals?  

Incorrect, I have seen pricing double triple or more over the last 10 years, on top of the 20% ++ net caps.

Some of the most common risks involved in a “buy/fix/sell” strategy are fluctuations in supply/demand of housing in the neighborhood, incorrect estimation of repair costs, project going over scheduled timeline, and general contractors walking off the job or stealing your money.

If the capital sits idly looking for a "16% IRR deal" then you're doing your math incorrectly.