The part where he promises 30 percent return is sketchy to me. 

Do major research and find out why a high percent of these businesses go bankrupt and why so many clients and their relatives sue the owners of these businesses.

Percent of list price received increased .7% to 97.7% which I think is a pretty good indicator of where the market is.

I'd rather lose my $1k earnest money, and get a different house than lose out on the roughly 3 percent of the purchase price my uncle would've given back to me.

I have about a 78 percent loan to value based off comps.

Bonus depreciation may allow for 100 percent of thy shorter life property to be depreciated in year 1.Renovation:  Cost Segregation dissects shorter life property from renovations costs. 

There is speculation that the "only" 20 percent capital gains tax will go up, and in fact, for folks making $400K a year, capital gains tax will revert to ordinary income tax which could be as high as 40 percent."

According to MPF Research, nominal rents for large investment-grade apartment properties slipped 0.3 percent in 2008 and then dropped 4.1 percent in 2009—both declines outpacing the change in overall prices.

Or to put in another way, .26% of houses (1/4 of a percent). 

After doing a lot of reading I’ve started to save 20 percent for my down payment and keeping my credit in good standing.