Purchase price: $120,000 Cash invested: $60,000 417 old falls blvd is a multi use property having office/ warehouse spaces on 1st floor and a 3 bed 1 bath apartment upstairs.

Purchased vacant lot and build single family home with 4 bedrooms and 3 baths.

Ideally I am looking to keep the purchase and renovation cost between $175-200K.  

The correct answer is never to purchase a flip that has tenants.

Purchase price: $50,000,000 Cash invested: $50,000 Limited Partner Syndication

I am looking to purchase a home with my sister in CA. 

The schools ignore personal finance and business and hence people enter the world totally clueless as to basic concepts of business and finance.  25 years ago when I was financing small investors I made a loan to the purchaser of a small 12 unit apt complex.  

We are looking to purchase the first investment property in the US (looking at a few cities).

But their minimums are pretty high for a tenant in common purchase. 

Why do you think purchase contracts are so long and have such small print?