If you are marketing to buy " ugly houses " then most likely the owner will be motivated to sell and not view their house as a palace that deserves full market .

Is it 1,000 a month or a palace at 10,000 a month??

Some of the places are log palaces over 12k sqft renting for $3000 a night.

Or are you looking for others definition or assessment of what is a Good palace they have identified for them to invest?  

You can't take the data from a $75 a night 200sqft cabin on the lake and include the $10,000 a night 14 bedroom palace and expect an accurate result.

The One estate stretches across eight acres on a promontory lot and centers on a 100,000-square-foot palace that looks more like a futuristic spacecraft than a home.

We are now incredibly excited to announce a collaboration with Netflix to continue to preserve this space as a movie palace and to restore it once again for a new generation of film fans to experience movies on the big screen.”

if you want to house hack, I would suggest moving to an area that rent to value allows for 2% or better for a while, cost of living is lower there too, and its fun to explore new palaces. besides the tax benefits of almost anyplace other than CA are huge. my rule is never leverage more than 60% LTV (after repaired) this allows a 20% market correction buffer and still keep 20% equity for conventional secondary market if you ever need to refi. you create this with a GREAT deal. for example I buy SFR's only, I like my all In after repairs to be $35K with a value of $70K and never borrow more than $42K.  

I have an advantage over many.. not to mention I can usually let them stay in their palace for a good long time.. as most of these get demo'd and repurposed so that gives me a leg up as well.now that all said I won't take one on unless I think I can at least double my money cash on cash within the first year. 

., say, Phoenix, AZ, where $1250 can rent a palace?