A high level of risk will focus on the ROI of the deal/property, with the understanding that you can achieve a high ROI even with a modest or low Cap Rate.

And this almost always works out just fine.Almost being the operative word there - an LLC provides protection that can't be achieved with insurance alone. 

I'm sure the idea is that only a very low percentage of people will be consistent and achieve whats possible, but that will benefit everyone.The problem is when I pressed for more information I got the run around sales talk.

It is such a great book to get you in the right mindset and prioritize your days to help you achieve your long term goals. 

One thing you might ask yourself is what goals are you looking to achieve?  

They are avid readers so I want to send him a couple books that can help them achieve their goals.

This is important for the first handful of flips or rental. 

https://www.biggerpockets.com/forums/12/topics/386159-whats-the-1-percent-ruleIn this case, aim for achievable monthly rent of 1% of total development cost, not acquisition cost ("purchase price").

Can't speak for the others from first hand research.Rules vary in terms of the threshold for eligibility, eg: >2 or >3 units, rate of growth allowed each year, rate at which capital expenditures can be translated into increases.

I have seen how networking works first hand.