I bet I'm not very far off.....My average remodel like that was over $500k, but I generally worked in high end areas.And the relationship between purchase price and remodel is not relevant.

Bet he did not include his subrenting income, did he? 

I'm guessing that would be a safe bet.

I manage both practices now.As far as your questions, I think finding a small boutique brokerage that will accept your situation is your best bet.

As far as appreciation, that is tough to bet on, and we have to be at or near the top of the market anyway. 

Summerlin (always a good/safe bet).

Your best bet are apartments. 

But for this episode if you’re looking at only private investments, a REIT is your best bet to get in for the lowest dollar amount, usually you can find options for a few hundred bucks.2 - Funds / SyndicationsThe next level of investment I’m going to lump in 2 types because they’ll generally have similar buy-ins, and those are private funds or syndications.A fund is almost like a REIT but generally smaller and they’ll have higher buy ins.

Frankly, I'd bet 99 out of 100 landlords skipped one of the steps above if they ever had a major problem with a tenant.

I bet they don't pay their cable bill with cash.