3670 Arizona is a fine deal at $750K. that is $362/sf with 2 garage spaces and a rentable 2/1 apartment with its own garage and laundry. Figure $1000 a month for the rent and heck I might have bought this one had it been available a year ago. It might sell for $700K rather than $750K and that would be a good deal.
In the listing it says they replaced:
* Kitchen
* Baths
* Floors
* Office
* Foundation
That is tens of thousands of dollars in work and a lot of hours. Do they deserve a $200K profit? Remember that it is taxable, also how many of these can they do in a year? It is a tough business and not all of their flips make money. Again, I respect the ones that can do it. Heck I can barely paint my house without ruining it, so hats off to anyone that can actually do these projects well.