I'd rather toss money in the S&P than a turn key property in a cheap market with low or no population growth. 

House hacking is a good way to learn a lot fast, and possible with low down payment. 

Cincinnati is known for their low overall sale prices and strong rent yield which will bring on cash flow.

In most cases many beginners do so their risk is low.

Consider low down payment options and get pre-approved for a mortgage.

For us it varies by property - smaller more urban units can be 80,90% Airbnb whereas larger beach houses can be as low as 30% Airbnb but company wide on 65 or so doors last I checked was 40% Airbnb, 30% VRBO, 30% Other (Direct, Marriott, Google, Booking.com, Jetblue/Allegiant Airlines, others).

Its not, Its ALL about price, think about it :)  Respectfully disagree if your doing fix and flip to resell to homeowners its critical for rental purposes other than low End section 8 its also important.. renters want good schools also.. buyers its paramount.. 

If you have ARV of 75k pulling 60k is 80% LTV which is probably high on a property wiht that low a value.

The relatively low initial investment combined with Chattanooga’s rising real estate market presented an excellent opportunity for a quick, profitable turnaround.

Given all of these assumptions, you should be able to get a DSCR loan in the 6's/low 7's (rate), with a 3-5 year prepayment penalty, and minimum DSCR ratio of 1.00x, especially in OH.