Then you might build off of that outlet and use surface mounted conduit to add a couple more outlets in the room including one next to a window for use with an A/C.

I'm actually really considering section 8 housing due to returns on the surface.  

I also met the Wagner and the Nolasco team in person in their Orlando office, and they seem to care about delivering a quality product in a timely fashion.  

Fix Flip- only do surface style changes- flooring, landscape, roof, windows, etc. 

The bathrooms made me so depressed... plastic shower units with sad apartment class vanities with some sort of beige solid surface tops. 

Every once in awhile here on BiggerPockets a product like this makes an appearance and gets pumped up very aggressively, and the unfortunate thing is that it makes an impression on folks that are new to investing or may not have much of a financial background.Any seasoned lender will tell you that one of the most basic tenets of lending is that your loan must be secured or collateralized in some fashion.

This is one of the problems with housing in lower tier markets because on the surface they appear to be great value but capex makes it impossible in many cases to keep them up and running and therefore the cash flow from your spread sheet rarely translates to reality.

To provide a practical example, I acquired a 60,000 SF assemblage that contained an autobody garage, nearly an acre of surface parking and a 4 unit building in Philadelphia.

Just like mineral rights can be separated from surface rights and sold as royalties, this model tokenizes the income generated from a property without transferring ownership of the property itself.

Pursuing a SFR in the fashion I mentioned above would be more amicable, but this depends on your ability to enter.