Slowly build out a repeatable process...if you continue to change things (as in different types of properties, different levels of renovation, different finish material, different neighborhoods, etc.) you create more variables and make it harder to solve to the problem.I am a math guy and less unknowns/variables you have the easier the problem will be to solve. 

As for Marketing, I've never seen an agent propose a marketing plan with market segmentation, value proposition, buyer profiling, market analysis, or any of the MBA type stuff. 

Should I offer to pay them for their consultation, or are these types of questions common as part of the PM vetting process and is a "courtesy service"?

With 3 properties already, you're definitely not "new" anymore ;-) Doing a refi is very possible (depending on how much equity you've accumulated) to do those types of things...the issue can be the tax ramification that you face if/when you do it.

What made you interested in investing in this type of deal?

There are a multitude of factors that come into play such as the type of property and its location, and the structure of your investment portfolio.

These types of exchanges are great for purchasing new construction.

I’d love to hear some perspectives from more experienced investors on what you think about the info below:$75k for a 5bd 3 ba manufactured home that rents out each room for $500/monthPros:Reliable tenant paymentsCheap purchase price relative to income generatedPotential for ~16% CoC ROICons:Long distance investment (requires property manager)Month-to-month leases per bedroom (& no deposits collected)Located in Utica, MS – not a thriving market for rentalsManufactured home – not sure this type of home will build equityUnsure what kind of tenants live here Hey Molly!

Hey Errol, Im open to getting on the phone with you to give you some perspective of this type of construction and what you should expect if you decide to move forward.

What made you interested in investing in this type of deal?