I figure it doesn’t hurt to go and place a bid if I can get it for a good price.

Credit score- the higher the best. 760-780+ generally gets best pricing for investment property loans with most lenders.

I'm very impressed with Airbnb, I already received four bookings in Airbnb (although I may initially set the prices lower than average which attracted quick bookings). 

The Detroit area has a ton of opportunity and lower entry prices, even if it is 30-45 min from you. 

I'm mainly trying to just figure out if the year 1-5 loss of around $38,000 is still worth it in the long run with the sale price covering that loss plus about $250,000.

@Tommy BrantIt really depends upon the market, and I think the operator, their scale of operations, and their loss runs.We bought a deal from a mom and pop last year, and their insurance company saved us dramatically on pricing.  

Purchase price: $210,000 Rental property in Flossmoor.

Prices in AB (depending where you look) are also lower and if you are in Calgary or Edmonton or nearby, it is easy for your husband to fly for a visit or for you to go there.

Purchase price: $55,000 Rental property in Dolton, IL.

Purchase price: $292,000 Full interior remodel in Skokie, IL.