Credit score- the higher the best. 760-780+ generally gets best pricing for investment property loans with most lenders.

Using vouchers are a potential way for somebody with a lower income  ( like me or that teacher you mention) to step into homeownership -and it is a trick to get through all that is involved.  1- A mortgage (in my area)  will be higher than the amount of my voucher -so I am applying for a USDA Direct 502 rural loan.

Higher Costs for Distressed PropertiesTo comply with the new regulations, flippers will need to rely on licensed contractors for repairs, who typically charge higher fees than non-licensed labor.

Those areas have higher rents, lower vacancy and higher appreciation.If you manage class A or B assets it’s not awful as most tenants are not professional tenants trying to live rent free for years.

Or they could potentially agree to a live in renovation and renew at a higher rate. 

Also- my rental that flooded was actually at a higher elevation than my other rental houses in Tampa.

Barrier to entry is higher but that can make the appreciation more lucrative than other states in the midwest.

Sometimes properties that exceed the 1% rule can come with risks, like higher tenant turnover or hidden repair costs.

Good STR areas are often times desirable places to live as well, so prices tend to be higher in my experience. 

A higher quality property in a better neighborhood in a better city is gonna outperform any Cleveland property in the long run.