If your criteria is to be in bread-and-butter neighborhoods then you are going to be looking at an $80,000 plus property which means a down payment of approximately $16,000 plus closing costs.Have this discussion with your investment counselor here. 

After, getting comfortable, I moved into my "bread and butter" rentals to replace my corp job.  

The properties you describe are my bread and butter, people love having a house instead of an apartment, the only thing I would say, you have to buy them at a STEAL, what you described i probably wouldn't pay over $30K for even in your location, because its market value is obviously at or below $52K as an on market property, so you buy it for $52K you cant sell it till it appreciates, because of cost to settle, there are plenty of great below market deals, you just need to look in the right places, im in a very rural area, and I managed to buy 14 deals in 2016 and 3 this year already, I buy at Sheriff Sale and online auctions mostly, but you need access to cash to close for those, so you need equity lines, or cash on hand.

I think people like to see what to expect with an average, bread and butter deal.

Class B/C value add hold up much better to downturns as this is the bread n butter tenant (think two earner income families - service type jobs making $30K each can swing a 2-3 bedroom for $1K/mo vs $2K/mo for Class A).  

@Mindy Jensen   Yoder is buttering you up !!!! 

You want to focus on quality, long-term tenants, so B/B+ areas are going to be your bread and butter.

I just haven't seen homes marketed before with the particular features I plan to include.Peanut butter = pretty good.

We are always booked, and getting repeat customers after 6 months (business people are our bread and butter, and being business owners, we know exactly what they need).

Just add water to make it a peanut butter consistency and apply it before it drys.