For $1,500 renters in Cincy would expend very nice place on a quiet street and desirable area.  

If property is done right even in todays market you can hit 1% rule and attract very desirable college students.

Most often it's in free & clear properties but, in a high enough desire area like these, and with low enough mortgage balance, yup, some can 100% get enough on the sale to have it all make sense because as @Jay Hinrichs has pointed out that in these areas the majority value is in the land not the structures on the land. 

Open-concept kitchen designs are also highly desirable.2.

But mostly keep in mind that any property you find the local landlords already know about and did not desire it.

The ability to manage investments requires a desire.

While the property's location was desirable, it was evident that the house had been neglected for several years.

We are looking to buy a condo in Chicago as the new rental, for a variety of reasons, but most importantly because it would rent better in the city, and it fits our desired price point (so we can allow for the rest of $$ from the sale for paying off their Oregon home and pay all, or some of the taxes on the boot). 

Repeat as desired.

If it's just a money grab and there is no desire to associate with the aforementioned, you will most likely be on the losing end and feel very negative about the program.