Additionally, the cost to create a business here is not as inexpensive as the United States, in some cases it can cost thousands of dollars to setup. 

So about 8 houses per year will do ya....but don't forget your costs of doing business AKA overhead....Very good point!

Quote from @Chris Seveney: For those experienced in private lending: This question was posed to me in my membership group from an investor:What strategies have been most effective for scaling your loan volume to $5M+ per month?

Items such as this that could be easily replaced by almost any LL at a very minimal cost, will turn into a $135 aggravation at best if you overlook it!

Am I more likely to be able to add $50k or $100k of value above cost in a high Cost RE market or a low cost RE market?  

I'm looking at monthly cost to seller vs. anticipated rental income, purchase price relevant to the ARV of the area and interest rate, balloon, etc.

One month of vacancy will cost you $2,600 + $200 utilities.

Yep, off water, but with nearby water access and view seems to be the same ROI considering the cost of the property. 

Here is an example of what it costs you to avoid professional advice.

The cost of moving is around $1,000.