“Scared money don’t make money.”All I’m saying is that just because it’s not 200 bucks a month cash flow in the mid west, rust belt or the south doesn’t make it wrong or bad. 

Houses in this development sell anywhere from mid 400s to high 600s. 

Thus, price increases.. especially at the mid-priced range.

The south and mid-west - think Ohio, Indiana, Pennsylvania, Tennessee, etc. - be an option?

My husband would like to purchase mid- to high-end property where tenants are more likely to take care of the property. 

Most do not become mid six figure earners.

In Baltimore, popular areas like Canton and Fed Hill will not bring much cash flow so your  ROI will be very low unless you want to do renovations.You can invest in mid level neighborhoods like Morgan State area, some parts of Charles Village, Higlandtown so you get a decent renter and get a good ROI.

@Matt Geving my wife and I are in our mid 20s starting out.

The improvements will also reduce our maintenance/cap ex expeditures in the short to mid term.   

Also, if you offer mid week cleaning or something like that, you change the taxable type for a STR.