Buy & Hold SFH Price Range for Cash Flow

[Trevor Dominique]

I am curious if investors tend to avoid SFH's over a certain price. As I learn more about the Toledo, Ohio market, it seems that a property won't cash flow much anything unless it rents for at least 1.5% of the purchase price. So, for example, a 150k home would need to rent for over 2250. In a place like Toledo, this eliminates 99% of your market. Even for homes listed at 100k, the amount of renters willing to spend 1500 is going to probably be very small.

The only possibility for cash flowing SFH's for me seems to be to find properties that are in the 30-60k range that can be rented for 800-1400 (obviously hard to do).

I guess my main question is, do many buy & hold investors in "average" markets like Toledo avoid properties over a certain price or avoid SFH's altogether and only seek MF properties when relying on cash flow?