Finding first property, going to be a challenge...any pointers?

[Skip Gilliam]

Just starting to look into a few listings. Just to see what is out there in my area, I called our realtor that helped us buy and sell our last house. I asked her to send us some listings to take a look at, she sent us 20 listings 2 are foreclosures. Not really much available in desirable areas under the $150,000 price point,  $139,000 is probably the lowest for a single family home. 

Running some of the numbers and quick calculations from BP on these houses, they just won't work. Finding $100,000 houses like I see on several examples just doesn't seem possible in this area. Also read on one of the articles that rent should be 2% of the value of the house which seem ridiculously high. $130,000 home x 2% would be $2600 in rent. No way is anyone paying that much rent on a $130,000 house. Would love for some advice or direction on how to move forward? 

Thanks for any help