Am I more likely to be able to add $50k or $100k of value above cost in a high Cost RE market or a low cost RE market?  

So, the extra unit may cost you more then it brings if you cannot access equity or if the market discounts the property when you go to sell due to financing available.

There are several myths that we have to debunk before someone truly believes they can do it.You need millions of dollars to do a dealThat it’s too complicated to figure outThat permitting takes yearsIn those communities developments cost way less (think a couple hundred thousand along with a loan from a regional bank), permitting is not difficult (much less red tape), and the towns are small enough that both the city staff and the local architects and engineers and contractors all work with you to help you navigate the process since you’re all invested in making your community better.Note: The big boys can play in the primary & secondary markets.

There is a reason why I buy properties that cost a multiple of what typical cheap rental properties are going for.

Our program only requires a small 10% down payment on the purchase price and we will fund 100% of your rehab costs.

So an identical neighborhood (income, crime, school quality, etc.) can cost you as much as a $100k less on the South side simply because your neighbors are brown or black as opposed to white.this right here is the gem advice.  

Extra 4 months of carrying costs are up most of the margin.

2- if there is a “problem” Will the “solution” discussed solve it in a cost effective, consumer accepted way?

Unless it's cost-prohibitive, I'd remove it for the same reasons people have stated: 1.

The catch is it must be vacant 90 days and winters in Vermont are expensive to heat the building so the pipes don't freeze requiring costly plumbing repairs.So this property may be eligible for up to $130k in grant money and rental income guaranteed by the state!