The best way to explaining this is for you to download an IRR calculator spreadsheet or build your own simple one and play around with one.For what its worth most deals I deem meeting minimal IRR standards is 13-15% but you have to dig a little deeper to uncover the real placements of cashflows and capitalization events... and then dig even deeper to verify the assumptions such as occupancy, rent increases per year, and what reversion cap rate was used.Again I don't look for IRR cause its manipulated a lot instead I look at total return on a 5 year basis.

I may reach out to some of you individually as well since you have been so nice to offer help.My goal is to not have to work a regular 9-5 job as soon as that can be possible, which may very well still be years away.

How did you uncover the several years in prison with drug charges?

We recently had a shower remodel that was supposed to take 2 days but ended up taking 4 days of work over the course of a week because of larger issues that were uncovered during the reno.

Leaving you with a uncovered $250,000.

Another reason is if a really good deal showed up on my doorstep today (that either came to me organically, or I've uncovered), either off market or on market, I can close extremely fast if I need to to get the purchase.

If you identify their needs you will uncover their motivations.

But with as much as they found, and the history of the house I fully expect to uncover more.

I cross reference everything that was stated to me on the initial phone screen to what I uncover in my investigation into their history and background.

But if you get paid a success-based fee for uncovering leads, then it is not the same issue.