Even if I have to hire labor it usually comes out to what I would have paid for materials on my own.

Maybe I am missing something, but in my experience with the Rich Dad materials, it has been some pretty good info.

Your goal is to have the nicest house in the neighborhood at the lowest price.That said, you don't want to be much nicer than your competition, just a half-notch nicer...use the same finishing materials, but ensure they're new.

Also further material that indicates the target segment he is probably commenting on: https://www.youtube.com/watch?

Like I said I paid 108k, but materials and labor seem to be costing about 70k.

Whether that materializes or not is unknown but that is what the CAP rate compression is telling you.

The roof is old, not sure how old, but it is a metal roof-typically good for 50-70 years.

Despite his past, he has some pretty good material out there.

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Every island is different, however I do agree with you at times there is a lack of talent and material.