Here's a breakdown to consider:Cleveland: @Zeke Liston You're right, Cleveland often boasts lower purchase prices, making entry easier.

That will get you looking at cash flow and end up in a lower rated area than you think.

Basically, lowering the sale price as long as the buyer pays all the owed taxes as well.

(due to the mortgage being in the market being a lot lower than what I pay.)

Tenants in many markets already believe they pay too much (contrary to recent studies that show rent to property values have never been lower for the large US cities).If my insurance costs are not double my current rates over the next couple years, I will be pleasantly surprised.  

A $45 application fee will apply.Income: Verified monthly income must be at least three times the rent (minimum $4,200 combined).Credit Score: A credit score of 650 or higher is required.Eviction History: No prior evictions are permitted.Should I lower it to a credit score of 600 and 2.5 times the rent? 

With rates in constant flux, you might have opportunities to lock in lower ones.

If rates drop, more buyers will come to the market and you can refinance to lower your monthly payment.

The tenant pool can be lower end in Winnipeg but if you invest in the right areas it will often qualify for CMHC financing in terms of affordability. 

You can use the "bad roof" or other problem to negotiate a lower purchase price.