Does it evoke positive or negative feelings?

Just remember: most negative reviews are written by problematic tenants.

For property insurance - I did a rough estimate of $189,000/$1,000 x $3.50 and amortized monthly.Vacancy = 5%, Repairs =5%, Capex = 8%, and property management =10% (even though I'd manage it while I lived there).Clearly, the numbers don't look very great at the $189,000 ask (see below)So, we've gotten a negative monthly cash flow of $693.35 to live there.

I think it will have a lagging effect on investors and discourage capital investment.

Both effectively allow you to defer capital gains.

Make sure the $5K is not for other third-party fees such as any environmental, title or credit check expense.As for who can order an appraisal, I would defer to an actual appraiser but my understanding and experience is that appraisal regulations only impact regulated groups such as banks and therefore hard money lenders can effectively make up their own rules regarding appraisals since they are not regulated like banks and are lending their own funds.Finally, banks do not have the "right" to redline.

Any positive/negatives u can provide would be helpful.

Some of the most effective Operators are team based.

IE tenant or subsequent buyer defaults causes huge damage and your now faced with negative cash flow for a year and 20k to fix the place. if you can handle that its okwhat happens though is you have unsophisticated sellers and in a lot of instances the home is lost to the bank and the sellers credit is trashed.. plus many times they want to buy something else and with this mortgage still in their name they cant.its just a very risky dangerous thing for a seller. 

The reason is that the price range you outlined is likely to put you in C or worse areas and those can be very difficult to manage effectively.