The reason is very simple - getting paid a percentage the economic carrott dangeling in front of them in the form of million dollar residential listings is just too big and shiny.Sorry for the long reply, I hope it makes some sense to you!

The 'Northwest quadrant' of the Greater Orlando area has just been overlaid by hundreds of millions of dollars in highway infrastructure with the Wekiva Parkway (http://www.wekivaparkway.com/) which brings easy commutes and connection to a huge swath of what used to be pretty detached rural areas. 

I'd take the few hundred dollars a month in cash flow and move onto the next.

My opinion is that this particular review will cost me many thousands of dollars.

How do I incorporate the new fee (approx 70 dollars for the internet) into my calculations?

I would strongly urge you to graduate straight to an accounting software package, rather than try to craft your own using spreadsheets.We use QuickBooks Online, but there are plenty of tools out there that are inexpensive and easy to use.Time spent getting organized now will save you thousands of dollars in rework by an accountant or bookkeeper later.

The market just keeps rising around here and I can't believe the condition that some of these houses sell for at half a million dollars.

He brings up a good point that after paying HUD consultants and extra fees that add up to thousands of dollars the 203K just isnt as good of a deal.

@Deandre LeeI’m going to disagree about not adding square footage, you can still increase the value over and above the rehab dollars by just improving the building   I’ve bought many BRRRR projects and by just rehabbing kitchens, bathrooms, etc, I have increased the value above the rehab dollars, usually by 20-30K.  

My math is simple: 1) Gross Schedule Income - 7% vacancy - 50% Opex - loan payment = cash flow (I'm expecting 100 dollars per door)                              2) NOI (adjusted form realtor with the above criteria) / 8% cap rate (Florida market).