Desktop advantages: May have a few more custom features, and lower cost.

@Mike LambertThinking I can learn a lot from investing internationally and the price point typically is lower in those areas to buy in

@Drew RamascoI don’t fancy myself a math whiz but the payments on a 30yr loan are much lower than that of a 15.

Also, even if it is in a lower tax suburb that property tax number is really low - for a house of that value i would expect anywhere from $1200 - $3000 depending on the location.You need to factor in water and sewer as well.

You might be better off saving some more money or moving to another area (if possible) where prices are lower, even in the nicer neighborhoods. 

Most of our purchases are in lower end areas but we rent out to HUD paid rents or Section 8 for most of our rentals.

If you have a RE license/real estate is your full time profession, you pay reg taxes on profits from selling real estate- I buy and hold for at least a year and sell some flips periodically so that is not my main business and I pay a much lower tax rate as mine are capital gains

You will find that the ROI tends to be lower percentages in nicer neighborhoods ( A & B). 

Can i charge 150$ as an application fee but set rents at 10% lower than market to get the best possible tenant and profit off the rest?

If you can find a way to remove the tenant and move in yourself for the first 12 months you can take advantage of FHA loans which cater to lower credit and allow 3-5% down.