None of us are in this for pure joy.

This is pure harassment by the city of Chicago but it true.

Then you have the responses of seasoned investors--that's pure gold!

I'm not saying that most of my rehabs are less than that, but historically, many of the purely cosmetic rehabs is lower-cost areas have been in the $15-20K range. 

There are a few suggested articles that pop up on the sidebar that are pure gold.

I am constantly battling my personal checklist vs a purely investment driven checklist for my next property since I plan to live in it before making it a rental. 

Because from all those possible hundreds of flavors of real estate, your letter implies (at least to me) that you are really only interested in one flavor out of all those potential options: the distressed seller with a rundown property who is motivated purely by numbers, where your goal is to help them in a way that can get you the lowest price possible, and then resell it at the highest price possible.

@Jaron Walling the example was purely hypothetical just to make the numbers a little clear and easier.

While I'm purely in the thought exercise mode right now, I'd like to delve a little deeper and explore how to structure a deal like this.

If you are purely betting on continued appreciation - that is a different song & dance.