Decide if you want maximum cash flow, maximum appreciation potential, maximum ease of operation, minimum risk, or some moderate combination of all the above4.

One price drop and an extra month of holding costs (since those things often end up going together) and you are pretty close to break even.Draw your own conclusions but to me this is saying that using a 70% screening for deals in the low to moderately priced range should give a good feel if you should dig deeper into it.  

Asking Price: $35kTaxes: $3300/year2000 sq. ft. raised ranch - would be a 4 bed, 2 bath when done.Sits on a wooded acre in the country - all the neighboring houses are very niceRehab - Fairly light to moderate.

We have a very good rental property community, but most of the opportunities are low to low/moderate income areas.

I'd expect those to be removed by a moderator soon enough ...

Attn: Moderators: I am not trying to sell a house here… I don’t have this house.

Everything in moderation until after the smoke clears in  Washington. 

Id say I'm moderately handy at best-  I can take care of small things but wouldn't trust myself to heavy repairs.  

Examine market rents and try to pretty up the property to raise rents moderately?

@Tyler Bradfield I am looking for moderate value add situations.