Cape Coral deliveries are way less than miami dade and also overbuilt and oversupplied 

Am I being cheap?

Currently there is that extremely thin, hard, cheap landlord carpeting (and also an area with cheap thin stick on hard tile squares). 

I don't think the future will be kind to the investors who bought cheap houses in a big community of other investors. 

If it's cheap, high crime area, proceed with caution. 

Cheap is expensive!

Renter's Insurance is a cheap date for the tenant; it protects their security deposit and assets. 

Avoid surfaces that can stain or feel cheap like low end LVP.

You can purchase a cheap camera with a built in cellular connection: Cheap 4G Camera All this needs is a SIM card.

So - somewhere 2 hours away, or somewhere you like to vacation in, or where all your family lives, or where you plan to move someday.Too many people are trying to do exactly what you're doing - pick a market based on a formula - and they end up buying a random 'cheap' property thousands of miles away, turn it over to people they've never met or even spoken to, and then... lose money.