Good luck in whatever it is you do for a living This is where I have got my US Median Income numbers from:BLS - US Median Weekly EarningsIt's median income of the full time American worker, not of American household which you refer to , and probably got your numbers from here:FRED - US Real Median Household Income What else is "factually incorrect", that you disagree with? 

Pay for a home inspection and cross reference your bid with that.

If you can't get all of the information you need to screen properly, which should include positive past rental references, then it's a pass.

When people refer to the Federal Reserve “setting rates,” they mean the effective federal funds rate or the rate at which banks charge other institutions on an overnight basis.

Imaging taking a house from 1920 and trying to update it to 2024 standards. 

I'd refer them to @Joe Villeneuve. 

Are you referring to the Cleveland market?

Why I personally choose not to invest in ANY syndications whatsoever (TO BE CLEAR, I am not specifically referencing or referring to any of the named individuals or syndications in this thread whatsoever, nor am I specifically referencing a syndication company with the name "ANY" in its legal name). 

I agree - my typo was referring to mortgage note investing

This will allow you give a reference point on how much potential rent you can receive.