Looking to invest in Ohio and would like to get market feedback

[Henry Der]

Hi, I am looking at investing in Ohio, single family home rentals.  In particular, the area of Lima and its surrounding area.  One scenario floated across to me are homes in the 25-30K range with rentals around 300-400.  Is this a norm there?  Also, can anyone share about the 

1. is Ohio a good place to invest
2. economy
3. major industries
4. demograhpics
5. tenancy act if landlord or tenant biased
6. quality of renters that are paying in this range
7. difficulties in holding a large number of these (100+ homes)

Thanks very much!

[Brad Clarizio]

I won't be much help with Lima specifically, but if you had to take a guess on the quality of tenant you'd get for $300-400 a month, what would you assume? I'm sure there are some exceptions, but I'd put your vacancy rate much higher than the recommended 10% on that low of rent, and increase your projections for eviction costs (if done through an attorney (required if the property is in an LLC.), you're looking at $300-400 each time.

Also, owning 1 unit from afar is difficult I'm sure, I can't imagine 100+. Impossible? Absolutely not. A much larger challenge than owning 20 higher performing units? I'd say so.