It added far less value than the cost of the addition.  

i actually only invested an additional $23,000 i answered the question wrong

Instead of paying 1250$ a month and staying in my current home I can pay 977$ per month and have an additional 4br/2 bath property. 

Delays are typically caused by previous landlords or employers who don't respond to our requests for verification.

If you use a property manager, you'll need at least 50 rentals to cover the additional expenses.

With this comes additional transactional costs that are more likely to present themselves in this asset class than other price point SFH's.

Note, even though you may have a per-transaction fee or unlimited transactions, it looks like pretty much each transaction will still have some additional associated fees for things such as AHC/wire or expediting docs, but they seem reasonable.When I was setting mine up, I was told that the flat fee isn't charged until your first transaction. 

The standard rate is 3% of a loan, a good broker will never exceed their origination costs of more than 3%.Additionally, a competent broker goes beyond merely securing financing.

This can be a city or neighborhood.We manage a lot of Class C properties in the City of Detroit, so previous evictions are common.We typically do NOT allow within the last 3 years and we want to see stable employment, income and no other major credit issues since.For Class B rental we're looking for no evictions in last 5 years.Class A, would be at least 7 years.Of course, there are exceptions to all of the above for extenuating circumstances the applicant is willing to provide acceptable documentation for.

In addition, I am hoping to understand the most severe risks that come with investing in distressed properties, and how best to mitigate these risks.