So you'll see a higher overall income per household because the household size grew relative to the price point.

For me it’s not a one size fits all type of situation.

Now I provide a modestly sized (42-48") TV in every bedroom, and a big one in the living room.

In fact if you don't do proper due diligence some are "traps" with bad layouts, fire damage, and tiny sized lots. 

I do agree $100k revenue on $500k cabin seems should have positive coc, but the size ($7k allocated maint/cap ex which is unscheduled maintenance - annual fire prep has own allocation), delivered propane, expensive utilities, & expensive cleaning take their toll. 

I think that would work if the two units were the same size. 

Keep it straightforward at first, but know that experience is the best teacher—mistakes are part of the process and will help you learn.For ARV (After Repair Value), start by running comps (comparable sales) on recently sold properties in the area that are similar in size, style, and condition to your planned rehab.

As long as all the rooms are decent size with closets it could work and you could get closer to what you want in rent. 

If you go through RTR, I would ask to see the employment and rental history of potential tenants so you can weigh in.

But the other side of the coin your expenses go way up when your employer is now not paying you any bene's and you have to pay all your own health retirement self employment tax AMT tax etc etc. trying to do this with max leverage is going to be a long slog to replace a 150 to 200k a year job with bene's.