I have just read a book about this, and a business owner spoke about his employees who would take "multiple taxi trips in one day" or "dine at the most expensive restaurants even when alone" its just something that will happen.

Either way its another doable opportunity for a lot of average investors.   

This affordability attracts buyers seeking value, especially those priced out of more expensive regions.3.

How do you know how much to deduct for these estimated expenses that you may do yourself or you end up tossing and replacing?  

400k is so expensive for such a small home.

Rental property prices are low in this area, leads me to believe there are problems with the rent collected vs expenses.

I paid for the subscription for a few months and drew my own custom Google maps areas and color coded them red/yellow/green based on a "grade" I felt came from a few metrics like crime/average household income/etcI also really like realtors dot com new maps, if you search for an address and click on the map and then go to the top left and choose the Value slider it will give you a nice color coded map of which areas of a neighborhood are higher valued.

I've torn one down and I've prepped another for demolition, but tearing down houses is crazy expensive.

Finding a property with the appropriate layout is challenging and expensive.

A lender will use 75% of rents, 25% is deducted to account for vacancy/expenses.