Also from the choices you provided, I believe you are looking at somewhat passive options.  

if they Ghost you  U have no choice but to follow the foreclosure rules in the state the property is in.. and dont hesitate never gets better.

@Luke Davis If you can qualify for a conventional loan that is probably going to be your best bet.

If OOS then you do not have a choice, turnkey UNLESS you have trusted crews and YOU know pricing ,  If you are new then turnkey, for both.

Housing prices in Beloit are definitely cheaper than Janesville, and Janesville is (for obvious reasons) significantly cheaper to invest in than Madison.Can't be of help to the property management part though... we've looked and looked but haven't found a company we are comfortable with... your best bet there would be to join up with the Southern Wisconsin Landlords Association and network for a quick recommendation. 

The best bet is to take this commercial. 

Good choices!

Tips include looking into the area, finding places growing, checking rent prices, and looking at loan choices.

@Eric FormillerSometimes it can help to decide where not to buy first then you'll have fewer choices of where to buy. 

While Ohio and Texas are good options, Tampa's balance of affordability, growth potential, and rental demand make it a fantastic choice.