I dont see it for such a small house, even using super low finishes.Also, depending on the construction financing, you will most likely not be able to be your own GC, at least not at first.  

It depends on your background, experience, and personality.

Some just take the outside measurements of a house to determine it...other areas they measure room by room...so a house with the same footprint could have a different interior square footage depending on how things are laid out.

My goal is to send out 5-10 letters a week, depending on what I find.Yesterday I received my first response from a letter I sent out.

I know I was a HML as big as these boys ... you can forgetta bought it. the cost of prosecuting a PG is way too much to be relevant in one off HMLs. it really depends what state they are lending in..

I personally am not a fan of this type of investing, but its depends on your strategy. 2)  If you have good credit and the cash to put down, you finance the property through a bank.  

It will be 500 hours whether you're working full time or not, but whether it takes months or years depends on how much time you have to put towards it.

It depends.  

Depending how onerous the fees is, it will reduce your NOI (Net Operating Income) on a rental.

Don't forget you will need to put down at least 20-25% depending on the loan you get.