Your realtor friend is telling you the truth, for I work in the Gwinnett area for the high paying careers are further North of the city but I am a resident of the Dekalb area.

From my research it seems prices have gone up a lot in recent years so I am wondering if this strategy is still a feasible option for someone looking to start with a SFH for 150k or below, adding value with a rehab and getting a high enough appraisal to make it work. 

High lawyer hourly on aWhat is the percentage of home transaction that's messy and not straight-forward ?

Even if you do have assets, and the cost is high, such as in NH where the transfer tax is cost prohibitive, he compares the possible benefits to the actual cost.He has an associate who does the actual return, and with whom he works closely. 

A quality CPA (one that specializes in real estate) should save you more money in the long run than they cost you.

In this area, where the values are so high per sqft at sale, there are always deals to put together.

DSCR loan with rates on the based upon your ltv I would say high 6 to mid 9s depending on FICO and debt service and LTV.2.)

I highly recommend Anderson Advisors.

Or if they want a high interest rate, and your numbers will not work at that interest rate, or if they really want a crazy high price where it will be difficult to cash flow and refinance in the future.

The reality is, it's not going to last.Only those hosts treating this as a business and offering the best product are going to keep both rates and occupancy high.