You can also look at creative financing/subto or owner finance as an option and finally there are DSCR options that will allow you to go up to 85% of purchase (but there is a fairly severe interest rate penalty), so I'd recommend staying in the 70-80% range.

Application of the 70% RuleWith this in mind, let’s examine the application of the 70% rule.Housing inventory price pointThe 70% rule can be adjusted, depending on the price point of the housing inventory.

This is mainly due to the large amount of inventory and still high prices (though they are trending downwards).

The city still has relatively affordable entry points, with most of the deals I'm doing falling in the $80k-$90k range and bringing in $1,200-$1,300 per month in rent.

Couple houses same square feet were sold around 925 to 950 K range without a pool.

At Spark Investment Group, we do smaller 506b syndications with a typical $25,000 minimum with capital raises typically in the range of $1.5M to $3M. 

It’s a modest home, and we aim for broad appeal with a neutral, updated look that attracts a wide range of buyers.

There are a few temp fixes that still range in the $5000 range. 2. now add the furnace, garage door (not opener, but actual door mechanisms), front door that all will need to be replaced in next few years. 3. the gutters that need replaced now (ours are too small and its causing major overflow), and the flooring that needs replaced prior to renting it out. 

If  you are in the 20% range, you are better off going to the casino and putting all of your money on black and seeing what happnes.Since you are out of the area properly calculating cash on cash returns can be difficult because you have variable expenses to calculate. 

It's great that you're considering your options for attracting a broader range of tenants!