In most instancdes anything higher than that is more flip territory now with the higher interest rates. 

Because rates are so much higher now and show no signs of going down, it's harder to keep the initial home as a rental.

But if tenant stability and needing cash flow are higher priorities for you, then it may be worth re-evaluating or looking at alternative properties that offer more reliable cash flow from day one.

Once you get to the suburbs like Strongsville, as you have mentioned, they are excellent areas, but the purchase price will be much higher.

Here are the numbers:Property 1:Purchase Price - 130k Current Zillow Estimate - 166kLoan Remaining - 100KCurrent Interest Rate - 5%If Refi - 6.38%Obviously at higher interest rate my EMI is gonna increase , but at same time I am adding an additional asset which would cashflow as well.

.* Walnut Hills: Quiet and community-oriented, great for rental stability.Areas to Approach with Caution:* Columbus: Some sections of Hilltop and Linden due to higher crime rates.* Dayton: Certain parts of West Dayton, which face economic challenges.Focusing on due diligence in these neighborhoods can help you identify stable, cash-flowing opportunities.

I flew over there a couple weeks ago but property prices in Flagstaff are higher than in the Boise area which makes it a lot harder for us to push into the market.

You could charge a higher interest rate and negotiate the down payment that way you still get your money monthly & not worry about repairs etc. if the buyer defaults, you get the property back.

This allows me to make a full decision knowing the nature of the repairs, cost of repairs and have the ability to back out of my offer if there is a red flag or major foundation problem that increases my repair costs dramatically higher than I anticipated.

The 70% rule is more like a heuristic, depending on the property you should go lower or higher on the offer.