Of course, it always depends on what your purchase price is and Dayton does have cheap homes! 

NOI divided by purchase price gives you cap rate. 

I recently purchased a triplex in Pittsburgh and have had success with it so far.

What's the purchase price? 

What type of property do you plan to purchase(Single, multi, commercial, etc) and where do you plan to buy it?

I have text in my lease stating that the tenant is not allowed to make repairs to holes in walls and that any repair work that takes over 30 minutes or is larger than the size of small nail will be repaired by the landlord's hired labor at a cost of $30 per hour plus material costs. 

Therefore you have to rely on contract, if its a new build, make sure its in the Purchase Agreement.Why?

Purchase price: $100,000 Cash invested: $35,000 Sale price: $270,000 Hey BiggerPockets Community,I recently updated a multi-family property on a tight budget and significantly increased its value.

Self-proclaimed Section 8 guru's online claim to do the latter and then find Property Managers after they purchase the property in whatever state, but I don't know how real that is. 

She has quite a bit of experience regarding investment real-estate purchases.