Let's look at an example of why you can't necessarily say that if cash flow is good, your CoC return will be higher:If you take two identical properties that are right next door to each other and you pay cash for them.

For example if the scammer took money via Venmo, have the victim report fraud to Venmo.

Turn on (only) one same watt incandescent bulb in each unit and see if the meters spin identical, or if one  is a little faster.Running the A/C?

Here is a scenario and questioning how I may project nightly rate and occupancy:I'm going to round up numbers to make it easy.House for sale that is 3/2 and is essentially identical to a local (1 mile away) high performing STR, same rooms, baths and beds and yard etc.The high performing STR has over 200 reviews and is 4.85 in AIRBNB.It is charging an average of $200 a night with dynamic pricing and looks like it is booked at about 80% occupancy.Assuming I buy the new place, fix it up and outfit it the same as the local STR, what % could I expect just starting out relative to an established STR in the same market (neighborhood)?

I've said it before and I'll say it again, there is no way to do that transaction as he outlines it and it not be mortgage fraud.

@Isaiah York - If you are in this to build a portfolio of rental properties, then make your life easier and come up with a standard "tenant proof" rehab template that is as identical as possible across ALL of your properties.

@William Huston My guess is that is tax fraud. 

An IRA can be invested into a set of funds that is identical to that of a 401k.

You were just pointing out that many POF letters are fraudulent and or worthless, not suggesting anyone commit fraud.

------------------My response is below with question for you to follow-----------------Hi @[Identity Hid]- I so appreciate the response- I love a man who knows their numbers!