Summary Statistics Sample Size20Max$2,272Min$1,200Median$1,475Mean (x̄)$1,55310th Percentile$1,23820th Percentile$1,30080th Percentile$1,75090th Percentile$1,925Standard Deviation (s)$281Standard Error$63Coefficient of Variation18.1%Bldg TypeAddressPriceSizeBedsBathsLast List DateHigher-priced listingApartmentE 34th St & Broadway, Bayonne, NJ 07002$2,0002 bed1.0baMar 2018Higher-priced listingApartment1141 Kennedy Blvd, Bayonne, NJ 07002$1,850805 ft²2 bed1.0baMar 2018Average-priced listingApartmentNewman Ave & W 3rd St, Bayonne, NJ 07002$1,350750 ft²2 bed1.0baFeb 2018Lower-priced listingApartmentW 19th St & Avenue C, Bayonne, NJ 07002$1,225900 ft²2 bed1.0baFeb 2018Lower-priced listingApartment601 Kennedy Blvd, Bayonne, NJ 07002$1,2502 bed1.0baFeb 2018Average-priced listingApartmentW 54th St & Kennedy Blvd, Bayonne, NJ 07002$1,3952 bed1.0baFeb 2018Average-priced listingHouseW 55th St & Avenue C, Bayonne, NJ 07002$1,8002 bed1.0baFeb 2018Higher-priced listingCondo26 Maritime Way, Bayonne, NJ 07002 This price appears to be an outlier and was excluded$2,6002 bed2.0baJan 2018Average-priced listingApartment498 Avenue A, Bayonne, NJ 07002$1,700900 ft²2 bed1.0baDec 2017Lower-priced listingApartmentE 15th St & Broadway, Bayonne, NJ 07002$1,2002 bed1.0baDec 2017Average-priced listingDuplexHumphrey Ave & W 6th St, Bayonne, NJ 07002$1,650950 ft²2 bed1.0baNov 2017Higher-priced listingApartment1040 Kennedy Blvd, Bayonne, NJ 07002 This price appears to be an outlier and was excluded$2,9001,243 ft²2 bed2.0baNov 2017Average-priced listingHouseAvenue B & W 45th St, Bayonne, NJ 07002$1,6751,000 ft²2 bed1.0baNov 2017Average-priced listingHouseAvenue A & Edwards, CT, Bayonne, NJ 07002$1,4502 bed1.0baNov 2017Average-priced listingHouseAvenue C & W 50th St, Bayonne, NJ 07002$1,6501,200 ft²2 bed1.0baNov 2017Average-priced listingDuplexHumphrey Ave & W 6th St, Bayonne, NJ 07002$1,500850 ft²2 bed1.0baOct 2017Average-priced listingApartment1111 John F.

The key takeaway for me is that bad credit and very little savings doesn't necessarily exclude you from investing.

If you want to open up your deal to non-accredited investors (investors with less than $1M net-worth excluding primary residence), there are very strict non-solicitation rules that would apply, to which your original post would probably disqualify you for.So, now you're left with an SEC 506(c) offering, which allows you to solicit accredited investors (net-worth of $1M and above), or taking general only partners, who have actual active roles with decision making power.If you're still want to take passive investors, you definitely want to talk with a good SEC attorney!

Cash on cash is the cash return you get on the cash you put into the property, thus it includes your entire mortgage payment, and excludes any appreciation you may have. 

@Katherine Weekes Not an expert, but if you hold the property & mortgage in your name, you can be held personally liable & all of your assets are at risk: personal residence, 401k, savings acct, all of your investment properties, etc.This could happen in a worst case scenario where someone dies in your property & the jury awards a verdict beyond what your insurance covers OR if the person dies due to something excluded by your insurance such as mold.

They'd be able to exclude $500K of gain under section 121 so they could sell for $535K and pay no taxes. 

The NOI (Net operating income) needs to be sufficient to cover the payment and some amount of spread.To make the numbers simple lets pretend the payment on the 50K mortgage is $500/month and the 70K mortgage is 700/month (these are likely high numbers) if the rents minus expenses (excluding mortgage) net out to 750 then the 70K mortgage is pretty risky since there is only a $50 spread and the 50K mortgage is much less risky with a $250K spread. if these numbers held up I wouldnt buy the property at all unless I could get a 60K mortgage with a 600/month payment and have a spread of $150 and 10K in cash reserves. 

Most lenders exclude HELOC's for Texas properties.

Am I just as likely to get responses from these types of leads or am I better served to exclude them?

Depending on how long you hold the second property, this gain can be deferred up to 10 years and 15% of the gain will be excluded from your income.