Here are the numbers if I rent my current house (thanks @eric fernwood , I'm borrowing the equations you've used on your posts): Purchase Price: $275,000Comps: $320,000 (house with exact same floorplan/landscaping across the street sold for $337k on 3/13/20)SqFt: 2,200Beds: 4Baths: 3Stories: 2Financing: 30 yr fixed at 3.25% ($0 down and closing costs were covered by seller)Cash Flow = (Income - DebtService - ManagementFee - Insurance - RETax - PeriodicFees)Cash Flow = ($1700*12 - $1150*12 - $1700*12*8% - $528 - $2985 - $49*12) = $867/yr or $72/monthNote: this formula doesn't account for occupancy or maintenance however the house is 5 yrs old, in good shape and I have a contingency fund dedicated to these expenses.Now here's the info on the potential condo purchase:Location: Southwest Las Vegas, near 215 and BuffaloList Price: $175,000Comps: $185k-$195kSqFt: 1,167Beds: 3Baths: 2Financing: Pre-approved for conventional 30 yr fixed at ~3.7% with 5% downThe seller currently has tenants with a lease that ends in June. 

I am currently living in the South east Missouri/ South west Illinois area.  

This is in southwest Oklahoma and I have no reason to sell quickly.

I'm 3 hrs south west of Seattle.

$50k might work in some portions of central, north and southwest Florida but might not be all that great to work with in some places closer to SE Florida.

Maybe some folks will relocate to Northern Suburbs (Humble, Tomball, The Woodlands, Conroe, etc - but even many of these locations suffered damage - not to the extent of the areas South & Southwest of Houston.  

You can find good neighborhoods and excellent transportation downtown on the South and Southwest sides for a LOT less money than you'd pay where you're looking now.

I would recommend looking at the southwest coast of FL.

Jacob, take a look at “Southwest property Tax consultant” in Granbury, they have helped us cut out property tax bill significantly on our commercial properties.

Another neighborhood not listed in the Chronicle report is the Southwest side of Houston.