According to their income statement, the income is good, but it doesn't align with what he claims the monthly rent for each apartment to be.

What I've found in LA is that the sponsors aligned with gurus tend to play fast and loose with the SEC regulations around unlicensed broker-dealers.

It's worth the hourly rate to make sure their strategy is aligning with yours.

Books, seminar, worksops, courses, networking with others2) Find a  network of like minded people who can support and help you on your journey. 3) Consider a coach or mentor, some who is outstanding in REI, is experienced, knowledgeable and is align with your goals. 4) Finally, keep going, keep learning and keep making progressAll the best on your journey!!!

By structuring the deal that way, there is alignment of interests between the sponsor and the passive investors.The "sponsor" of the deal you're looking at is being greedy so, yes - it does not make sense.

My expertise do not align within this business, and I'm here to simply learn.

Aligning with those more successful then yourself. 

CalebHey Caleb, doing long distance flips can be challenging but it's definitely possible and worth it if the numbers align and you have flexibility! 

Cody I was a back room vendor ( lent money to the students to buy properties)  at Armando Montalongo events back in the day and Nick Vertucci if they get aligned with the right fullment company these guys will make 5 to 10 million a year ( got to pay tax of course) However it does not last both of them are off doing something else.. as much as anything the FTC and State AG's have really started to hone in on the Seminar training business.. 

The sewer bills are much higher now and they are billed quarterly, not always do the billing cycles align with the tenant turnovers.