You can still buy houses in small farm towns in MN for $25k.

It's easy for the tenant to think you'd pay.Clear communication is paramount in all cases.

@Arun Maheshwari we work with clients to find turnkey rentals in Houston, DFW, and San Antonio in TX, but also have 8 other markets we're in across the Midwest/midsouth.

I live in the area and just gave up looking for now. 

Please let me know your thoughts and please poke holes in this idea!

Jace, what specific areas are you investing in?

A professional manager can find qualified tenants who respect your home and handle day-to-day issues.

There's lots of competition from everyone jumping in.

What is the property appreciation in that market? 

-------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?