If you learn how to use Hard Money loans properly and how to find good deals in need of rehab, there are plenty of areas of the country where you could buy 3-4 rent properties in solid middle class areas with good cashflow.

@David LewisRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Find me something that's even a 7% cap rate and I'll buy it tomorrow!

I feel as though your buy box puts you in a position for more flexibility. 

If you are just starting out, this is for you:When you buy an investment property, it is treated differently than a house you are going to live in. 

Quote from @Rachel Vann: Investment Info:Other buy & hold investment.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

REALITY CHECK: THIS BUSINESS IS HARD.Wholesaling and buying houses off-market is a sales game—and sales is brutal.

Buy properties with more and more units.- Can also try to do seller financing, but much harder to find.

I have been wanting to buy this piece of land for years and it has recently become available.