I am a frequent visitor the site, frequent listener of the podcast and I have read Ultimate Beginners Guide... and finally have signed up with an account.I live in MI, actively doing some direct mail marketing in the Houston area as I have some investors around there.

This is a screaming deal and will easily rent for $2000 per month.

That subconsciously screams to me, "Caution!

In fact, J Martin asked me about this same topic a while ago, and that was my response.With respect to QE, people on Zerohedge were yelling and screaming interest rates would rise once QE is over.  

What do you think expenses and net income would adjust to, if you fully outsourced management, cleaning, visitors communication, etc.?  

Print that page and swap it in on your next visit, or mail it to your housekeeper and ask her to do it for you.One of these days I'll write a book on it.

In today's market more than half your visitors will come from mobile devices.

Understand that getting about a 10% return on your investment is what you can expect from most real estate investments, maybe 12-15% if you find a screaming good deal. 

None of this screams scam to me.

starter rent in any city = the least stable.. the lower rents are generally were the properties are cheaper.. so just a rule of thumb not a law or anything.Also the 2% rule and the other rules were born here on BP out of the Great recession and are not germane anymore in most markets that are rebounding and recovering.. you have a new set of investors who started after 2009 who don't have a perspective other than the screaming deals they got in 09 to 2011   which are not reality today and may never be again at least until the next Global financial crisis.