It requires no money upfront, so you will join thousands of others trying to do the same in your market.

The cost of the program is 35K upfront and then approximately $3500/mo for all marketing.

I also don’t know how many thousands of members and opinions are on BP.

Investment loans generally carry high down-payments and costs.

Determine cost to renovate. 

I agree with most on here that the warranty process is less than ideal, however there are off chances that it saves you thousands.

I'm totally with you on using real estate to give yourself the freedom to travel :) We love Birmingham as a market - we analyze thousands of on-market properties every day for investors around the country (also in the pursuit of giving time back!)

I know a cost segregation study would be too expensive for such a small amount of property, but is it permissible for me to estimate the value of the components on my own?

Imagine if it cost 1000 to send out 50 letters but half of them responded and half of those wanted an offer and half of those accepted an offer and half of those closed and half of those resold for a net 50k. 

it's comical - it's 2000-6000 in CT depending on source, point in process, etc. and it's in the hundreds of thousands of units in Texas.