Your range can be from going to your local library for free to spending 90K in some cases.

Sounds like you have a good understanding of the strategy.I normally work with clients by giving them a price range of a property they need to buy to get to their desired tax bracket.Best of luck.

You may want to do some independent research on the respective Housing Authority website as well. 

I think of it as a range of rental prices of comparable properties and my goal is to make a good return on the lower end of that range of values.

Going to those places will help you stay in your budget and cash flow better too - with property management built in.The hard part with the smaller towns is that they don't always have the big property management setups so thats where you'd have to do some leg work to find ones that do.And you might be able to do bigger str towns or even cities in that price range. 

Acquisition Criteria: Develop clear criteria for the types of properties you target (location, price range, property type, etc.), allowing you to evaluate deals faster and more consistently.

Rates will generally be higher than conventional loans—typically in the 7-9% range—depending on your profile and market conditions.

Big respect for starting this journey.

Poor condition or bad location and therefore not marketable to quality and respectful tenants? 

As I mentioned to April, I am in Phoenix, AZ, and the few places I have called about full service were in the 8-10% range and didn't have a capped amount.