I have a different set of criteria based on where I purchase right now. 

Looking to limit the amount of cash I need to put in (ideally under $10k) by leveraging different financing options @Eric Huntermark I think less than $10k down on a purchase price of $150k is going to be hard to find.

If you think you can find a higher quality tenant, then that is a different conversation entirely. 

@Chelsea DiLuzio the Midwest markets are way different than the markets out west!

For example, we do a lot of work within Philadelphia and Pennsylvania (both have different standards regarding legal/safe lead-levels).

We utilize this for different industries as well but our main niche is real estate since we are investors.

It may require different insurance too..

If someone says something off or incorrect, someone else with either more experience or different views can respond. 

Consider using DSCR loans- Cash flow of the property is considered in lieu of your income3.Consider purchasing in a different asset class (Large multifamily) where borrowing will be a function o fthe property income, not yours

Whether it's good or not is a whole different question.