I would pick mid range models.

He is not familiar with a self-directed IRA.A self-directed IRA is still a tax sheltered retirement savings vehicle, just with the capacity to invest more diversely than just the stock market. 

They just need to know your ballpark range.

My criteria for picking the state to invest in is as follows: 1) Landlord friendly state 2) Low Property taxes 3) Low median home price4) Positive population migration/growth5) Diversity of employmentSo far I'm considering states like Ohio, Indiana, Alabama, Kentucky, Missisippi, and Tennessee.Any advice or insights into any of these markets?

If this is the average condition for a home in that price range, it will call for further discussion.

I agree with everyone above referencing the buyer pool and what the buyer wants, well in some price ranges in the markets that surround me, a buyer may have to settle for a busier road or they may not get the opportunity to purchase their first/second house.

-Price range: 350K-500K.

Stove, Fridge, MW, DW, Range Hood (If any), etc.

PM fees should be more in the 10-12% range.

The suggested immediate repairs are in the $30k range.