For example, you can buy a $50,000 house that will rent for $1,000 a month, but it will also experience significant tenant problems, expensive turnovers, long vacancies, and other costly problems.

Now it should cost an arm and a leg, but I wouldn't necessarily go for Joe blow, "I'll do it for $200" either, or you'll be getting a call in about four months because all the refrigerant has run out your lines.Is it one outdoor unit and 2-3 heads?

Maybe in the future, you can specify a monthly cost for the electrical utilities based on the previous years averages.  

The home needed targeted renovations that aligned with our strategy of maximizing returns through smart, cost-effective upgrades.

You need to find ways to build more income in your jobs first or you will end up with a 9-5 and a side 9-5 that you can't manage with costs that will go 3x what you think.When you are new, talking about building teams in other areas is like 1-2 years away.

Then when I go to sell, I can either convert it back to a single-family home at low cost, or leave it as two units depending on what the market is demanding.

We estimate that the basement will cost approximately $30,000.

These things can add up and take a toll.Finally, cost of living may not be as good as you imagine.

Cost of living is low and entry point for rentals and flips is great. 

I think the challenge is that local meetups tend to be held in restaurants that cost money and they don't attend.