The Ohio market is very strong and competitive, so people struggle to find deals with consistently great margins on flips, etc.

It works great for many people -- not me -- but it might be your best option considering your distance. 

Weekends for a lot of people are usually tied up with kids sports, family functions and trips.

Some people need 2% above the borrowing cost (8% cost of hELOC you gotta then make 10% + etc) and others will want to double their cost of capital or 200% so it depends.Everyone's going to give you their anecdotal experience or what their preferences are so its good to hear it all and determine your own.

People interested in this type arrangement probably don’t have access to $150,0003.

One other thing that people in their 60s can consider is - if you are planning on taking Social Security and making passive income part of what you live on, rental income may not count as income against your Social Security benefits.

I think most people would agree that a single family home is better than a condo for a long term rental.

On https://www.neighborhoodscout.com/ you can also check the neighborhood crime and the percentage of people who rent compared to owning.

I have known many people go to Baylor and the need seems to be there for rentals.

This is where people fly in, this is where jobs and internships are, and it's central to the entire Triangle.