Jesse,As others have mentioned it definitely varies by market and if the market doesn't justify the value add then the appraisers won't appraise at too much of a higher value.As an example in the Los Angeles area if you add a $100K ADU typically an appraiser will only add an additional $50K-$75K to the value of the property. 

In my opinion there is not enough artificial pressure to justify a bubble.In my opinion housing is simply expensive.

I'd say I probably am, as a young professional, but I just can't justify paying double the rent to live a little closer to downtown.

It is a distraction and bringing it in house will not save you enough money to justify it.

Fees should be clearly stated in writing, easy to understand, and justifiable.

Fees should be clearly stated in writing, easy to understand, and justifiable.

But As depreciation winds down cash flow to justify holding the asset even without depreciation benefit becomes a very significant component.

You are rightfully cautious and your feelings may be justified. 

It's rare that you'll ever make it to court, especially if you document with pictures before/after each tenant.There's more to consider as you gain experience, but this is an easily justifiable model to follow.

Is the price justified, does it pay for itself is it stabilized or not.