I honestly dont have any issues with investors stealing my deal.

I'll weed out the crooked ones.

Gurus and those bragging about easy riches are often liars or crooks Jared Vidales - Your specific questions - I started in RE in 2004 at age 30.

That's a freaking steal.

Then, build a steal cage around the oustide unit and get good locks.

Several officers were arrested for basically stealing city funds.

Oftentimes the investor ends up hiring people off of craigslist who do the job wrong, don't complete the job or steal the investors money.If by some miracle the work is completed the criminals in the neighborhood simply steal everything of value and the process starts over again.

Plus, if he has multiple settlements on credit cards, his credit isn't too hot.....who would want to steal his identity? 

Lots of people have the perception that it's a "buyer's" market or they can steal a REO.

If you can build for that, you should be doing several of these at once.The price you paid for the dirt is a steal as long as all the other numbers you posted come in there.