For Those Buying 100-200k Homes

[Aaron Rowzee]

For those of you buying the 100-200k range, I have a few questions: do you ever get a 2% rent to value on your purchase, and what is your specific strategy at this price point?

In my area I'm shopping for under $70k houses that require a bit of rehab that follow Brandon Turner's numbers (12% CoC, 2% RtV, and $200/mo per door). It's hard for me to imagine buying in the mid range and actually achieving those goals without a house requiring extensive rehab.

I also had my CPA tell me not to buy between 80k-180k because the profit margins were too tight. Is this because of my specific area or are you guys actually getting $3k/mo on a $150k home?