If a Room for Rent is worth $1000/month, then reverse amortization at current interest rates between 6.5-8.5% for 30 year mortgage would set the price between $130,000 to $158,000.

That's typically because they have a lot of money and experience.

I'm not counting those since I don't manage them, but I typically avoid cities and states with laws antagonistic to landlords.

@Kaleb JohnsonRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I researched commercial construction careers, and found a construction degree is typically required.

It is a great deal for the silent investor as they typically make 50% - 100% COC in less than a year.

Worth a discussion if you want to send me a DM I can connect you with my team’s DSCR specialist.  

How much upfront costs are typically involved in a project before you know if it's a viable project to pursue? 

Typically it would be the tenants responsibility to provide access.

Typically, the tax is based on the assessed fair market value of the property at the time of the transfer, even if it’s not a traditional sale.