Lexington is a weird market with low occupancy, 90-92%, and there aren't many assets in the market.

As I mentioned in my previous responses to this thread, I am employed by LoanGuys as a customer service representative.

Verify employment and call previous landlords to avoid tenants with red flags.Rent Setting: Research comparable rentals in your neighborhood to ensure your rent is competitive.Use Technology: RentRedi is a great choice.

The big pros are the strong job market (lots of major employers), good population growth, and still-reasonable entry prices.

Looking for something with low acquisition cost, and meets or exceeds the 1% rule.  

They are a commodity, and owners are competing directly against hotels in this space, so rents are ultra low.

At this time I manage and renovate majority of all my units to keep cost low but most likely not the best use of my time although I'm skilled at it.

But, they will be in challenging parts of town where realistically you do not want to own property and your long-run returns will under-perform.I'd encourage you to find a balance of sub-market growth, nearby employment, strong income, and only then a good rent-to-value ratio. 

Also being open to section 8 could help with keeping vacancy rate low.

;however, my issue is that I dont have good credit and since im self employed I make.very little income.