You get the best of everything- cheap, tax free access to your equity, you get to keep your interest rate and you get the cash flow. 

The 10 year return on expensive markets like CA, Seattle, Boston, etc. obliterate those of cheap midwest markets.

Be aware that in many areas this process is neither cheap nor quick.

Then I bought another "cheap" $400 printer and although it was fast (70 pages per minute), the envelope feeder only held 8 envelopes at a time.  

Be wary of “cheap” STRs and 10% down “managed for you” deals especially in Orlando.  

You would be surprised how cheap a HELOC payment is when it's interest only.Put in some LVP flooring.

Is that an average home in the city or is that a cheap home in a not so great area? 

You all went CHEAP and have hopefully learned a lesson:)

Mobile homes are relatively cheap.  

Well, this is a wonderful thread.All I can really contribute with enough experience to be absolutely sure of what I say: if you live on the coasts and your spreadsheet tells you your best passive returns over the long haul are going to be in the Rust Belt in cheap rentals, then your spreadsheet needs to be looked at by someone with a lot more experience in cheap Rust Belt rentals than you have.My own take on the musings here of why everyone wants to quit their job these day and its possible connection to young people and their participation trophies, their possible work-ethic failings, moral turpitude, contemptible world outlook, lack of grit, et hoc genus omne...yeah, I know I don't know squat about all that.