This subject is a frequent discussion here on the forum, I suggest you search using this keyword and you'll have plenty of material to read, will keep you busy for days :-)

I was soon after promoted to Foreman then to a superintendent, after a few years of doing that i was promoted to a management position.

in a 10 CAP area it may have cost you 75k to get that 10k NOI where in the 5 CAP area it may have cost you 150k to get that 10k NOI because of the difference in material you may need to use because that indicates a more desirable higher income purchaser. to say that all out of state investing is not worth it is not true, everyone needs to run the numbers to make sure they can make money, no matter where they invest.

Then the back end is loaded in favor of the GP with a promote for all his good work.  

Since we are in a credit card forum and I am new to Real Estate , I have two questions: what is everyones favorite credit card and do you use credit cards to buy a house or just materials. 

They flip and/or wholesale a few houses, get a show, shamelessly self promote themselves, then pimp their name out, sit back and collect massive fees.

Later on, I updated the ad to only promote the condo and list basic requirements like no smoking and I found that people replied like crazy.  

After all is fixed and you show a bill fo 10k you get the remaining 2k.The adjustment should be a line item adjustment showing, material, labor, profit, and overhead.  

They want to convert the garage into a master on main and turn the upstairs into a bonus room then have final approval of material selections.

The only issue with this method is I would have used slightly different materials if planning only BRRRR but in the end I have a nice rental that people will fight over when vacant.Numbers:  purchase for 95k, 65k all in rehab, closing costs etc.