Often times, cheap is expensive!

Rental arbitrage was hyped up when money was cheap.

its not cheap but its pretty good data.  

5K rent seems cheap for the area so I would continue with that.

I have a friend that lives on the west coast and buys up these cheap houses to slow flip all  over the midwest.

The 401k loand might feel like "cheap" money, but that 10.5% interest rate means it's more like a short-term hard money loan.

If an asset is throwing off a certain yield that is not commiserate with it's risk, then investors will then begin paying more for that asset, thus decreasing it's yield....or start paying less for the asset which would increase it's yield, until it was at the proper risk/return rate to produce the yield that is truly reflective of it's risk.The problem is novice real estate investors get the risk/reward correlation backwards.

Close your eyes and throw darts at one.

Seems like it could be pretty easy to throw in an electric one, no?

Giving away the place cheap only creates more work for yourself screening lower income individuals, and attracts scammers.