I have 8 single family rentals in 2 single member/pass through entity LLC's. 2 states.

Recently one of my clients purchased a $120k single family house and is currently renting it out for $1550/mo. 

The area’s limited number of apartment buildings means that many renters prefer single-family properties, creating steady demand for these homes.Having assisted numerous buyers in Little Rock, I’ve seen firsthand the opportunities this market offers.

After years of self-managing our single-family rentals, we decided to hire a property manager to provide full service management.

., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.

Pricing - If you cannot check your competitions price and adjust yours daily you may want pricing software (PriceLabs probably best for single listing owners/operators). 

It's a super affordable real estate market where you can still find deals that hit the 1% rule anywhere from $120-180k for a single family (or $200-250k for a multifamily) purchase price.

We both live in MI and my current plan is to invest in single- and multi-family in solid, path-of-progress neighborhoods in metro Detroit, and also get some larger SFH's in the more expensive market where we live and do rent-by-the-room/co-living.

I am partnering with another investor who owns 4 single family homes in that vicinity.

Parts of Garden City Beach are prone to flooding, so if you're buying a single-family house you'd definitely want Flood insurance.