There's lower fees as they have the mortgage broker do a lot of the work who gets paid at the end of the transaction so the lender doesn't have to pay the mortgage broker a salary or benefits which helps lenders keep costs down which translates to lower rates and fees. 

And it will look Architecturally like a low scale house.Not an improvement in curb appeal (IMO).Some streets have a lot of this, some have not so much, some have none.Another low scale alteration is to take building grade lumber and nailing up a stoop and steps with a railing and then just let it weather and rot vs building a proper porch.Personally I like the look of the porch that the house was designed to have, vs making it an enclosed vestibule.I didn't address the value question, because that might be more of a local Realtors opinion thing...maybe 3 or 4 of them.Just my 2 cents.

@Russell Brazil  depends on the market and market conditions.. but generally speaking a lawyer who represents himself has a fool for a client.this translates into selling real estate quite well actually... most FSBO's the sellers are far too emotional ... rookies don't know what they are doing really... and this just makes a successful transaction that much harder.Now if I was a flipper I would have a Real estate license ( like I do ) and or have a wife who was a top producer ( like I do :)) and in those cases we can list our own inventory.. and try to stay objective.

I'm not sure how $20 a month translates to $3000. 

page=2The capital required is a function of:1) Property profitability (net cap rate after expenses)2) Leverage (debt percentage)3) Cost of capital (principal+interest percent of purchase price).You can use the following formula:Capital_Req = (1 - Debt_Perc) * Surplus_CF * 12 / ( Net_Cap_Rate - Debt_Perc * Prin_Int_Perc )E.g. (1 - 90%) * 4000 * 12 / (10% - 90% * 5.75%) ~=100k in Capital requiredA 10% cap rate, owner occupied property at 10% down payment and a 4% 30-year fixed mortgage through a no-PMI portfolio lender (the latter translates to ~5.75% principal+interest percent) gives you ~100k in capital required to generate 4k in monthly cash flow (assuming moving out of the owner occupied after 1 year).Hope this helps you! 

It requires one who has a well oiled, time tested "machine" because those "leads" are just Opportunities, and they only translate into $$$$ is handled in a very precise, action-centric manner that turns them into such. 

As I accumulate more properties, I hope to either 1) learn by doing and systematize the process -- I'm a software engineer by trade so systematizing things seems right up my alley; or 2) hire a property manager once I get to scale, at which point it makes a lot more sense to do.As far as rent prices go -- I plan to advertise with rent rates on the higher end of the market price and alter them as time goes on if necessary (if I get no good takers, I can reduce prices and see how that changes things).

Translation:  real estate that is not in high demand.  

home appreciation out of nowhere that translates into early retirement but still working as usual

That translates to a higher turnover of linens.Extra time for your cleaning team: It is in your best interest to let the cleaners know when a pet has stayed.