Purchase price: $50,000 Cash invested: $4,000 5 bedroom 2 bath house located next to Western Illinois University - All in for 80k and rents have pushed to 2,100 / mo without any utilities included.

I was actually a student at the university there not too long ago, part of the wine program.

I tend to think that low interest rates globally and the "chase for yield" are largely responsible for the price appreciation and low cap rates we see today.  

I was able to do it near a University (which it sounds like that's likely where you're moving to), and renting by the room can be a powerful strategy that not many are willing to do. 1) "Best" is subjective.

And before people assume Rice is some toilet of the universe, which ok, parts may somewhat qualify for that statement, lol, there is also big $ in Rice.

Section 8  is a HUD-funded program but there are no universal regulations.

Buy where taxes are low on rental properties, populations are growing, economies are growing, and there are at least two of the following: Gov spend, Major healthcare, transportation hubs, universities, sports teams, industry concentration, tourism, manufacturing.

At that point I knew the universe was telling me, RE is my calling.

I know that it is a strong college town with the University of South Carolina. 

Hello Kaleb,Years ago, I went to a Mobile Home Park University seminar, and I remember a very similar question.