Question for Ohio property managers? How low will you go?

[Account Closed]

I've been researching markets to buy out of state, and I have pretty much settled on Ohio. My target demographic is C class neighborhoods. Not a war zone where everyone is section 8, but not a "nice" neighborhood either. Looking at single family homes in the $30,000 to $50,000 range. I've heard it can be difficult to find a manager willing to manage lower end rentals because it is not worth their time. What price ranges do you guys deal with? Also what kind of rent could I expect to get in this price range. I've been looking at Cleveland, Cincinnati, Columbus, and Dayton.

[Federico Gutierrez]

Think Quality. Would you send your best friend to go collect rent in a $40-60K neighborhood? You are eventually going to sell this home you think it will be easy to offload this to a buyer when you want to get out?

Price tag is a consideration but lower price tags bring lower grade of tenants, more evictions and turn over. Harder to find a good PM, at the end they making 10% of your investment, it's not that much if it brings a lot of headaches.