But, ultimately, it could work if you don't mind a low ROI.It could make sense if you look at a lifestyle rather than an investment purchase and you're just happy to cover your costs.

Wells Fargo ultimately turned me down because my specialist was completely clueless in general, and because she failed to accurately relay what I was telling her to her "internal contact" on the phone. 

Some owners delay repairs, underfund turns, and create headaches for tenants, which ultimately falls on you.

I think you would need to ultimately know what your goals are and honestly what your budget is.

Before you make any buys here in Cleveland, make sure you read The Ultimate Guide to Grading Cleveland Neighborhoods.

Ultimately, it depends on your goals (low rates, fast turnaround, etc.).

What flooring choices are best bang for buck in each area of the house?

Ultimately, what drives real estate values is supply and demand and the income you can derive from those properties.

Ultimately, it will come down to timing.

This ultimately why the $100k midwest single family homes are frequently discussed in these forums.....its what many are able to afford to buy.