He's not cheap, but you get what you pay for.  

It is relatively cheap and considered a good product. 

While there are buyers that will buy in those D neighborhoods; you need to get those properties dirt cheap so you can sell them dirt cheap to more then likely a landlord.

Whether you hire them or not, there could potentially be a gradual decrease of supply of cheap labor thus pushing labor costs higher.  

@Hector Ayala If your intention is to use the BRRR strategy, I personally wouldn't use a VA loan as a refinance option once you have already purchased and rehabbed because the interest rate is typically a little higher than a conventional loan and you will still have to pay for the VA finance fee (which typically gets added to the loan and isn't that cheap).

One thing that scares me about that one is the price   Cheaper houses are indicative of war zone areas and especially cheap houses with high rents.

Also, makes sense if it was a very cheap property.

I'm too cheap to spring for their "Express Payouts" service, which speeds that up. :)

A property popped up today in my MLS feed that well is cheap enough that it could be a deal considering the neighborhood it's in, but it has an indoor pool that looks pretty decrepit.

Agree with @Jay Hinrichs - You got out of this deal cheap.