Ohio is a great place for cash flow since rental demand is high, property prices are low, and rents are solid.

Lots are just drawn to the low purchase prices, and buy based solely on price. 

I own a 200 year old house that has a very low cost of repairs and maintenance over the 4 years I've owned it.

We feared it was too low, but we were not willing to accept anything more and left it in Gods hands.

Dumb Debt also means that the owner takes on recourse debt and personally guarantees it instead of non-recourse debt or other people’s debt (OPD) or cross collateralizes it with highly appreciated assets with low debt to value ratios.

I don't know the city well, but seems to be light on demand drivers other than Baylor University. 

@Andrew Steffens Yes, low data definitely makes it riskier.

I will follow the advice here to keep high deductibles and low premium and save the premium for any contingencies later.

On the low end, you had $1365 as the rent assumption. 

It's a low barrier to entry and a good option for you, I would highly and I mean highly recommend you focus on location.