Ignore their averages. 

I live around there.Spruce Pine has all your average stuff available - Ingles grocery store, a bunch of fast food and small independent restaurants, a Walmart. 

Question 5) As some might question the conventional method, please be mindful I'm in college, and much younger than an average investor.

If you took the extra money and dumped it into an index fund, you could reasonably expect an average return of 7-9% over the next 15 years.

What’s the process and average cost?

The trending average on the MLS is about 1.3% in most of Hartford county.

Everyday average homes fell from $250-300k down to $100k, not $150k to $50k.

Hi Chris,I'm new to real estate investing, but I tend to look at similar properties that sold within the zip code or area of my choice and average them against each other to get a better idea.

Over the last few years of acquiring properties (https://www.biggerpockets.com/forums/48/topics/790712-turned-30-own-12-units-generating-an-average-13-cap-rate) my lead traffic for vacant become a mess...

Also any rough estimates on average prices for rehab costs per bedroom, bathroom, and also adding bedrooms or bathrooms in the Little Rock market?