The numbers break down like this:Purchase price for land and house: $10,000Demo of house, tree cutting, land prep and culverts: $25,000Total appraisal value of all three houses: $530,000Total cost of construction/mortgages: $392,000The most beautiful part is I was able to buy land, build three brand new rentals and use barely any of my own money!

So, lying is something that is not what realtors can do without consequences.

I will say this, paid for rentals are very nice compared to those that just barely cover the mortgage.

I have one property owner I work with that would be upset if anything beyond absolute bare minimum is done on the property at a turnover or maintenance request.  

I assume you want to have a completely new electrical system installed and paid for by the seller and you do not want the seller to come back with doing or offering only to do the bare minimum to make it legal and not necessary completely safe.

The repayment of the Down Payment at $60 per period even at 0% interest will just barely cover the down payment of $14k.

That is like taking a 5 pound weight and you are swimming and barely get above water for air and another weight that is heavier than before is added onto your neck until you go under.  

It also explained that only a few of the houses actually make profit and a lot barely break even or lose money when sold. 

Most people can't even or barely afford luxuries like expensive smart phones (Android's) and tablet computers (like my Asus Prime) so how are they going to afford the luxury of a technologically advanced house?

I believe a duplex in southern CA is merely a capital gains or appreciation play especially in areas like Huntington beach, Seal Beach, etc because the cash flow will barely coverage the mortgage/tax/insurance in most cases if not probably negative cash flow and that's probably being generous with expenses and managing the property yourself.In some rare instances in east LA, inland empire, non coastal, Kern county, or other you may be able to find cash flow focused properties though.