I'm estimating $75000 for repairs and the ARV is around $295-$305 depending on the basement finishes.

I will be managing myself so I will be taking care of snow and grass depending on whether the tenant is up for it.The insurance I quoted was for replacement cost.  

@Tyreese Gadlin depends.

I think there are benefits to each and it really depends on your goals.  

It all depends on the bank.  

I guess it just depends on how fast youre willing to relocate over and over.

Our lease break fee was 3 times the rent, mutual termination, paid by money order or cashiers check, and of course security deposit refund depended on how they left apartment, processed in 21 days. 

This totally depends on the spread of middle class, which compared to San Diego is much more narrow.Like I said, I do not want to be a slumlord...  

Sounds like it really fluctuates depending where you are at.

For example, we specialize only in B/B+ properties in good areas with high rental demand which usually sell (at or below market value, per appraisal) for $80-130K and provide 7-25% ROI in the first year depending on financing etc.