I won't argue with the data since I haven't checked the sources, but I will say it's not my observation for the particular location and market segment I'm operating in.   

I haven't done the particular program, so I can't comment specifically, but I have interacted with Dave Van Horn on several occasions and I'll say he is the "real deal".

I love it particularly with the 25% down, just in case in the future you have to pay off the note to make room for another purchase.

I certainly didn't expect to see pictures of some guy with an AR15...of course...I wasn't exactly sure what they were advertising (particularly on CL:)

It seems to a be beast unlike any other, particularly due to the predominance of co-op buildings.Is a 4-5% true cap rate attainable in NYC?

For financial statement purposes, your CPA may break out each property separately with the related insurance cost to show you the profitability for that particular property.  

In one particular case, the market had two tiers, one was between 10-40k for crappy properties needing rehab and a second tier showing properties from 125-175k after they had been renovated. 

(So look to their latest 'market cycle' schemes, media hype, 'fear mongering' tactics, and the prior 'bank panics' to 'stock market' and 'real estate' crashes... particularly over the past century.

I think it would've been better to have them as MFRs particularly in those housing markets.

One tip that I picked up here is while you are starting out and saving money for your investments, start driving / visiting areas you would like to invest in so you get a feel for prices, rents , house conditions etc, and visit and look at lots of homes and open houses so your eye get used to looking at repairs / upgrades that are normal in a particular market.