The only other factor you many consider is incorporating a short term rental strategy combined with multifamily to see some healthy cash flow.

Hello Alok,Healthy networking and prosperous investing to you.

The student rental market appears healthy but I'm not sure I want to play that game.

My main goal is make a healthy return (definition of health tbd) while providing affordable housing.  

Let's also presume the property is in a healthy market and decent location and the wholesaler wanted to sell it to me for $100K...

It's a leap of faith; but, if you plan for it and take into account what you will need to keep you happy and healthy, it is the best thing in the world.  

My wife and I are in NYC but her entire family is in Augusta, and every time we visit, it seems like there is a pretty healthy SFR market there. 

My research led me to Tula, Oklahoma with healthy major industries and development.I'm looking for single-family homes between $50,000 - $100,000 with three bedrooms and at least one and a half bathrooms.

By far the best measure of "health" is using %, because end of day were talking returns, and what matters in returns is what one is getting vs all the alternatives. 

word of caution... if you going this route (lot of houses small cash flow) you're going to want to have outside cash flow and healthy reserves.