I'm pretty confident in traditional BRRRR calculations but this opportunity could be very unique if I can understand the subdividing potential.Thanks all!

I live in the NE and I won't be traveling anytime soon to the SE region, where income would be vastly greater from this sort of property (generally).Finally, if "yes", in which markets have you found success using this method?

Appraisals have gone up in cost and this region has had long lead times for appraisals in recent months.  

(let me be clear though, I do HIGHLY recommend rewriting most or all of the content eventually, changing the design a bit to make it unique, and adding your logo)Lastly, just don't think because you have a Carrot site, motivated sellers are magically going to find it and give you their info.

Generally I'd prefer hardwood or similar, but I know some tenants in different regions have different expectations, and I've heard a couple people mention that carpet is the preference in Michigan.

I used regions and my rate was 2.75%.

Currency risks, political risks, economic risks, corruption, language challenges, unique laws that can change depending on how the locales use them or call it, bribes, etc.  

I'm a sheriff's deputy in the Tampa Bay region and well, we haven't seen a pay raise in six years.

I suggest taking a look at airdna.co and seeing what numbers you get from that area, it’s possible you’re undervaluing the region.

Also @Jessica Wilson with PMI River Region is a good PM here with plenty of properties in that area.